Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Sells 440,288 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 440,288 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.03, for a total value of $2,654,936.64. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $5,492,841.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Intuitive Machines Stock Up 38.3 %

Shares of Intuitive Machines stock opened at $7.47 on Thursday. The company has a market cap of $931.00 million, a P/E ratio of 18.22 and a beta of 0.26. The firm’s 50 day moving average price is $4.61 and its 200-day moving average price is $4.88. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. As a group, equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the second quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. acquired a new position in Intuitive Machines during the 1st quarter valued at approximately $67,000. Sender Co & Partners Inc. purchased a new position in shares of Intuitive Machines in the second quarter worth $56,000. Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth $119,000. Finally, Deuterium Capital Management LLC purchased a new stake in shares of Intuitive Machines during the first quarter valued at $125,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LUNR. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday. Roth Mkm reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Finally, B. Riley initiated coverage on Intuitive Machines in a report on Friday, June 28th. They set a “buy” rating and a $8.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $9.80.

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.