Sanders Morris Harris LLC Purchases Shares of 24,700 Intuitive Machines, Inc. (NASDAQ:LUNR)

Sanders Morris Harris LLC acquired a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,700 shares of the company’s stock, valued at approximately $454,000.

A number of other large investors also recently modified their holdings of LUNR. FORA Capital LLC purchased a new position in shares of Intuitive Machines during the third quarter worth approximately $458,000. Geode Capital Management LLC raised its position in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares during the period. Squarepoint Ops LLC bought a new stake in Intuitive Machines in the second quarter worth $536,000. Stifel Financial Corp purchased a new stake in Intuitive Machines during the third quarter valued at about $525,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after buying an additional 32,015 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $18.84 on Thursday. Intuitive Machines, Inc. has a 52-week low of $2.48 and a 52-week high of $22.32. The firm has a market capitalization of $2.64 billion, a P/E ratio of -6.41 and a beta of 0.90. The stock has a 50 day moving average price of $14.54 and a 200-day moving average price of $8.86.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley increased their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Cantor Fitzgerald upped their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group raised their target price on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.80.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 177,734 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.93, for a total value of $1,409,430.62. Following the sale, the director now owns 3,494,768 shares in the company, valued at $27,713,510.24. This represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen J. Altemus sold 61,432 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $10,020,109. This trade represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,954,713 shares of company stock valued at $24,475,385. 73.68% of the stock is currently owned by company insiders.

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.