Intuitive Machines Sees Unusually Large Options Volume (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw unusually large options trading activity on Tuesday. Stock investors acquired 94,376 call options on the company. This is an increase of 59% compared to the typical daily volume of 59,505 call options.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 177,734 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $27,713,510.24. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $4,390,001. This represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,609,820 shares of company stock valued at $21,709,343. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in Intuitive Machines by 55.7% in the 4th quarter. SG Americas Securities LLC now owns 18,046 shares of the company’s stock valued at $328,000 after purchasing an additional 6,454 shares during the period. Sanders Morris Harris LLC bought a new stake in Intuitive Machines in the 4th quarter valued at $454,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Intuitive Machines by 144.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company’s stock valued at $1,044,000 after purchasing an additional 33,939 shares during the period. Connective Portfolio Management LLC bought a new stake in Intuitive Machines in the 4th quarter valued at $872,000. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company’s stock worth $380,000 after acquiring an additional 900 shares during the period. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LUNR shares. Benchmark raised their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines currently has an average rating of “Buy” and a consensus target price of $15.80.

Intuitive Machines Price Performance

LUNR traded up $4.43 during midday trading on Tuesday, hitting $22.94. 28,461,184 shares of the company’s stock traded hands, compared to its average volume of 15,454,946. The company has a market cap of $3.22 billion, a PE ratio of -7.80 and a beta of 0.90. The stock’s fifty day simple moving average is $15.28 and its 200-day simple moving average is $9.28. Intuitive Machines has a one year low of $2.50 and a one year high of $22.98.

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.