Key Points
- Intuitive Machines SVP Timothy Price Crain II sold a total of 350,000 shares in two trades (150,000 on Dec. 19 at $14.22 for $2.133M and 200,000 on Dec. 22 at $16.04 for $3.208M), reducing his stake to 298,435 shares.
- CEO Stephen J. Altemus also sold 2,000,000 shares across Dec. 19 and 22 for roughly $31.5M, and the simultaneous large insider liquidations have amplified negative sentiment and could pressure the stock.
- Market context: LUNR opened at about $16.51 (above its 50‑day and 200‑day SMAs of ~$11.00 and ~$10.63), has a market cap of ~$2.98B, and a consensus analyst rating of "Moderate Buy" with an average target of $16.25.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CEO Stephen Altemus sold 41,407 shares of Intuitive Machines stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $15.01, for a total value of $621,519.07. Following the completion of the transaction, the chief executive officer directly owned 1,026,402 shares in the company, valued at $15,406,294.02. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Intuitive Machines Stock Performance
LUNR opened at $16.51 on Wednesday. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $24.95. The firm has a 50 day moving average price of $11.00 and a 200 day moving average price of $10.63. The company has a market cap of $2.98 billion, a PE ratio of -6.68 and a beta of 1.44.
Analysts Set New Price Targets
Several equities analysts recently weighed in on LUNR shares. Cantor Fitzgerald restated an "overweight" rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Bank of America boosted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an "underperform" rating in a research note on Wednesday, November 19th. KeyCorp initiated coverage on Intuitive Machines in a research report on Thursday, December 18th. They issued an "overweight" rating and a $20.00 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group decreased their price target on Intuitive Machines from $18.50 to $15.50 and set a "buy" rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and an average target price of $16.25.
Check Out Our Latest Report on LUNR
Intuitive Machines News Roundup
Here are the key news stories impacting Intuitive Machines this week:
- Positive Sentiment: B. Riley Securities reiterated a Buy on LUNR, which supports investor confidence and could cushion downside from the insider sales. B. Riley Maintains Buy
- Neutral Sentiment: Trading context: volume spiked to ~17.1M shares vs. an average ~9.48M, showing strong market interest; 50‑day SMA ~$11 and 200‑day SMA ~$10.63 indicate the shares are trading above key technical levels, which could limit longer‑term downside.
- Negative Sentiment: CEO Stephen J. Altemus sold a total of 2,000,000 shares in two trades (Dec. 19 & 22), raising roughly $31.51M and cutting his stake to 1,026,402 shares (a ~65.6% reduction). Large CEO sales often prompt negative sentiment and can pressure the stock. CEO SEC Filing
- Negative Sentiment: SVP Timothy Price Crain II sold 350,000 shares across two trades (Dec. 19 & 22) for about $5.34M, leaving him with 298,435 shares. Significant insider liquidations by multiple senior executives amplify negative interpretation. SVP SEC Filing
Institutional Trading of Intuitive Machines
A number of hedge funds have recently made changes to their positions in LUNR. Golden State Wealth Management LLC increased its stake in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock worth $30,000 after buying an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Intuitive Machines by 35.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock valued at $47,000 after acquiring an additional 1,127 shares during the last quarter. Quarry LP grew its holdings in Intuitive Machines by 151.4% during the 3rd quarter. Quarry LP now owns 6,457 shares of the company's stock worth $68,000 after acquiring an additional 3,889 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Intuitive Machines in the 3rd quarter worth about $94,000. Finally, Freedom Investment Management Inc. increased its position in shares of Intuitive Machines by 30.4% in the 1st quarter. Freedom Investment Management Inc. now owns 14,061 shares of the company's stock worth $105,000 after purchasing an additional 3,281 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.
About Intuitive Machines
(
Get Free Report)
Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.
Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
