Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $1,409,430.62 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock in a transaction on Monday, November 4th. The stock was sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $27,713,510.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68.
• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The shares were sold at an average price of $6.00, for a total transaction of $7,200.00.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $9.73 on Friday. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $13.25. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $5.51.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Monday, September 30th. B. Riley boosted their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $10.60.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines in the 2nd quarter worth $536,000. Vanguard Group Inc. boosted its holdings in 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 last quarter. Wedbush Securities Inc. bought a new stake in Intuitive Machines in the 2nd quarter worth about $35,000. XTX Topco Ltd purchased a new stake in Intuitive Machines in the 2nd quarter valued at about $164,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $272,000. 72.21% of the stock is currently owned by institutional investors.

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.