Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells $4,840,000.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $4,390,001. This represents a 52.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timothy Price Crain II also recently made the following trade(s):

• On Wednesday, September 18th, Timothy Price Crain II sold 300,000 shares of Intuitive Machines stock. The shares were sold at an average price of $8.23, for a total transaction of $2,469,000.00.
• On Thursday, September 12th, Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock. The shares were sold at an average price of $6.05, for a total transaction of $1,195,703.85.

Intuitive Machines Stock Up 21.4 %

NASDAQ LUNR opened at $12.42 on Friday. The company’s 50 day moving average is $8.02 and its 200-day moving average is $5.71. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $14.90. The firm has a market cap of $1.60 billion, a P/E ratio of -15.15 and a beta of 0.35.

Analysts Set New Price Targets

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

Institutional Trading of Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of LUNR. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the period. Geode Capital Management LLC grew its stake in Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after acquiring an additional 222,136 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Intuitive Machines during the second quarter valued at approximately $536,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines during the second quarter valued at approximately $272,000. Finally, Stifel Financial Corp purchased a new position in Intuitive Machines during the third quarter valued at approximately $525,000. Institutional investors own 72.21% of the company’s stock.

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.