Intuitive Machines Sees Unusually High Options Volume (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of unusually large options trading activity on Friday. Traders acquired 66,457 call options on the company. This is an increase of 710% compared to the typical daily volume of 8,204 call options.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 125,577 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $4.02, for a total value of $504,819.54. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total value of $919,671.54. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $4,126,463.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 125,577 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $4.02, for a total transaction of $504,819.54. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,458,496.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 607,050 shares of company stock valued at $2,508,917. 73.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after buying an additional 429,531 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at about $119,000. Inscription Capital LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at about $304,000. Tealwood Asset Management Inc. acquired a new position in shares of Intuitive Machines during the first quarter valued at about $131,000. Finally, Deuterium Capital Management LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at about $125,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Price Performance

LUNR stock opened at $4.97 on Friday. Intuitive Machines has a 52-week low of $2.09 and a 52-week high of $13.25. The company has a 50-day moving average of $4.09 and a two-hundred day moving average of $5.03. The stock has a market capitalization of $619.42 million, a price-to-earnings ratio of 12.12 and a beta of 0.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. B. Riley assumed coverage on shares of Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 price objective for the company. Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, August 14th. Roth Mkm upped their price objective on shares of Intuitive Machines from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Buy” and an average target price of $9.80.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.