Key Points
- Kamal Seyed Ghaffarian, an Intuitive Machines director, sold 283,818 shares on March 24 at an average price of $18.78 for a total of $5,330,102.04, reducing his stake by 7.51% to 3,494,768 shares; the sale was disclosed in an SEC filing.
- The stock has been volatile (article cites an 8.9% drop and a 12‑month range of $6.14–$23.32); the company beat quarterly EPS estimates (‑$0.04 vs. ‑$0.05) but missed revenue ($44.8M vs. $53.4M), and analysts’ consensus rating is a Hold with an average price target of $19.94.
- About 72.2% of LUNR is institutionally owned, with major managers like Vanguard, ARK, Citigroup and others having recently increased their positions.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 283,818 shares of the company's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $65,631,743.04. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Intuitive Machines Stock Down 8.9%
Intuitive Machines stock opened at $17.52 on Friday. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $23.32. The business's 50-day moving average price is $18.35 and its two-hundred day moving average price is $14.36. The stock has a market cap of $3.16 billion, a PE ratio of -23.68 and a beta of 1.40.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. As a group, analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On Intuitive Machines
Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in Intuitive Machines by 627.6% in the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company's stock valued at $11,026,000 after acquiring an additional 904,065 shares during the last quarter. LBP AM SA increased its position in Intuitive Machines by 87.2% during the 3rd quarter. LBP AM SA now owns 256,417 shares of the company's stock valued at $2,698,000 after purchasing an additional 119,419 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Intuitive Machines by 36.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company's stock worth $5,121,000 after purchasing an additional 129,896 shares during the last quarter. Vanguard Group Inc. raised its holdings in Intuitive Machines by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company's stock worth $64,067,000 after purchasing an additional 717,256 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Intuitive Machines by 78.9% in the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company's stock worth $21,810,000 after purchasing an additional 914,458 shares during the period. 72.21% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LUNR has been the subject of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. Stifel Nicolaus upped their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Monday, March 23rd. Canaccord Genuity Group increased their price target on Intuitive Machines from $22.50 to $24.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Roth Mkm reissued a "buy" rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Finally, B. Riley Financial restated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $19.94.
View Our Latest 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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