Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 74,248 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 74,248 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $28,062,987.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The stock was sold at an average price of $8.02, for a total transaction 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 transaction of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The shares were 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 value of $7,200.00.

Intuitive Machines Stock Up 2.2 %

Shares of LUNR opened at $9.73 on Friday. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $13.25. The firm’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $5.51.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (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. On average, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines during the 2nd quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in Intuitive Machines in the 2nd quarter worth $272,000. Sanders Morris Harris LLC lifted its stake in Intuitive Machines by 264.9% in 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 last quarter. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines during the second quarter valued at about $164,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Monday, September 30th. Finally, B. Riley increased their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines presently has an average rating of “Buy” and an average price target of $10.60.

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.