Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus Sells 250,000 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 250,000 shares of Intuitive Machines stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $9.01, for a total value of $2,252,500.00. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $8,207,380.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Intuitive Machines Stock Performance

Shares of LUNR stock traded down $0.13 during trading hours on Friday, reaching $9.15. The company had a trading volume of 59,202,859 shares, compared to its average volume of 8,313,332. The business has a fifty day moving average price of $4.71 and a 200-day moving average price of $4.91. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $13.25. The firm has a market cap of $1.14 billion, a PE ratio of 23.88 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently made changes to their positions in LUNR. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines in the second quarter worth $56,000. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines in the second quarter worth $536,000. XTX Topco Ltd purchased a new position in shares of Intuitive Machines in the second quarter worth $164,000. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the second quarter worth $35,000. Finally, Rhumbline Advisers purchased a new position in shares of Intuitive Machines in the second quarter worth $119,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LUNR. B. Riley raised their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $10.60.

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.