Timothy Price Crain II Sells 300,000 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 300,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.23, for a total value of $2,469,000.00. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $2,985,926.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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.
• 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 transaction of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The stock was 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 shares were 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 Trading Down 1.4 %

LUNR stock opened at $9.15 on Monday. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $13.25. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 22.32 and a beta of 0.26. The company’s 50 day moving average is $4.81 and its 200 day moving average is $4.93.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $43.00 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LUNR shares. B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines presently has a consensus rating of “Buy” and an average price target of $10.60.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently added to or reduced their stakes in LUNR. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the 2nd quarter worth about $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines in the 1st quarter worth approximately $67,000. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines in the second quarter worth approximately $56,000. Sanders Morris Harris LLC bought a new position in Intuitive Machines during the first quarter valued at approximately $119,000. Finally, Deuterium Capital Management LLC purchased a new position in shares of Intuitive Machines during the first quarter worth approximately $125,000. Hedge funds and other institutional investors 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.