Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells 197,637 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 197,637 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $2,195,000.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 15th, Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock. The shares were sold at an average price of $4.02, for a total value of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The shares were sold at an average price of $3.93, for a total value of $292,482.39.
• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The stock was sold at an average price of $4.04, for a total value of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total value of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Stock Performance

NASDAQ:LUNR traded down $0.41 during mid-day trading on Monday, hitting $5.72. The company had a trading volume of 7,935,749 shares, compared to its average volume of 6,721,791. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $13.25. The business’s fifty day moving average is $4.50 and its two-hundred day moving average is $4.86. The firm has a market cap of $712.90 million, a P/E ratio of 13.95 and a beta of 0.26.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LUNR shares. B. Riley started coverage on Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 price target on the stock. Roth Mkm raised their price target on Intuitive Machines from $7.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 9th. Finally, Benchmark reiterated a “buy” rating and issued 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, Based on data from MarketBeat, Intuitive Machines currently has an average rating of “Buy” and a consensus price target of $9.80.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds have recently modified their holdings of the business. 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 worth $3,758,000 after purchasing an additional 429,531 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines during the second quarter worth about $536,000. Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Machines during the second quarter worth about $272,000. Sanders Morris Harris LLC raised its position in shares of Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Intuitive Machines during the second quarter worth about $164,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

About Intuitive Machines

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.