Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 16.5% during the 3rd quarter, Holdings Channel reports. The firm owned 147,857 shares of the company’s stock after purchasing an additional 20,916 shares during the quarter. Penserra Capital Management LLC’s holdings in Intuitive Machines were worth $1,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LUNR. Vanguard Group Inc. lifted its stake in Intuitive Machines by 250.0% in the 1st 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 in the last quarter. Sanders Morris Harris LLC lifted its position in shares of Intuitive Machines by 264.9% in the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after acquiring an additional 50,600 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Machines in the second quarter worth approximately $272,000. Rhumbline Advisers purchased a new stake in shares of Intuitive Machines during the second quarter worth approximately $119,000. Finally, Wedbush Securities Inc. acquired a new position in Intuitive Machines in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Benchmark boosted their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald boosted their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group increased their price target on Intuitive Machines from $11.00 to $12.50 and gave the company a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $13.10.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $14.06 on Wednesday. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $6.10. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -4.78 and a beta of 0.35. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $15.72.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 138,568 shares of Intuitive Machines stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,111,200.90. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Price Crain II sold 197,637 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.05, for a total transaction of $1,195,703.85. Following the completion of the sale, the senior vice president now directly owns 362,810 shares in the company, valued at $2,195,000.50. This trade represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,763,571 shares of company stock worth $38,671,383. Insiders own 73.68% of the company’s stock.

Intuitive Machines 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.