Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) SVP Timothy Price Crain II sold 150,000 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the completion of the sale, the senior vice president directly owned 359,726 shares of the company's stock, valued at $6,313,191.30. The trade was a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Timothy Price Crain II also recently made the following trade(s):
- On Wednesday, February 11th, Timothy Price Crain II sold 23,226 shares of Intuitive Machines stock. The stock was sold at an average price of $17.44, for a total transaction of $405,061.44.
- On Friday, January 16th, Timothy Price Crain II sold 24,155 shares of Intuitive Machines stock. The stock was sold at an average price of $20.04, for a total value of $484,066.20.
- On Thursday, January 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The shares were sold at an average price of $20.06, for a total value of $3,413,911.10.
- On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The shares were sold at an average price of $20.00, for a total value of $113,200.00.
Intuitive Machines Stock Up 13.9%
NASDAQ:LUNR opened at $20.31 on Tuesday. The company has a market cap of $3.66 billion, a PE ratio of -27.45 and a beta of 1.40. The business's 50 day moving average is $18.42 and its two-hundred day moving average is $14.11. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $23.32.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.
Institutional Trading of Intuitive Machines
Large investors have recently modified their holdings of the company. Citigroup Inc. grew its position in Intuitive Machines by 627.6% in the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company's stock worth $11,026,000 after purchasing an additional 904,065 shares during the last quarter. LBP AM SA raised its holdings in shares of Intuitive Machines by 87.2% during the third quarter. LBP AM SA now owns 256,417 shares of the company's stock valued at $2,698,000 after buying an additional 119,419 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Intuitive Machines by 36.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company's stock valued at $5,121,000 after buying an additional 129,896 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company's stock worth $64,067,000 after buying an additional 717,256 shares during the period. Finally, ARK Investment Management LLC boosted its position in shares of Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company's stock worth $21,810,000 after buying an additional 914,458 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.
Analyst Upgrades and Downgrades
LUNR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday. KeyCorp boosted their price objective on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Roth Mkm restated a "buy" rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus increased their price target on Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.55.
Check Out Our Latest Stock Report on LUNR
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.
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