Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of the company's stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $28.16, for a total value of $3,996,157.44. Following the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at $98,412,666.88. The trade was a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kamal Seyed Ghaffarian also recently made the following trade(s):
- On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $23.20, for a total value of $3,292,288.80.
- On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04.
Intuitive Machines Stock Performance
Shares of NASDAQ:LUNR opened at $29.94 on Thursday. Intuitive Machines, Inc. has a 52-week low of $7.75 and a 52-week high of $31.15. The firm has a market capitalization of $6.49 billion, a P/E ratio of -40.46 and a beta of 1.31. The stock has a 50 day moving average price of $20.03 and a 200-day moving average price of $16.13.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities analysts forecast that Intuitive Machines, Inc. will post -0.04 EPS for the current fiscal year.
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 report on Tuesday. B. Riley Financial reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft increased their target price on Intuitive Machines from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Stifel Nicolaus increased their target price on Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a research report on Monday, March 23rd. Finally, Roth Mkm increased their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.45.
Read Our Latest Research Report on LUNR
Institutional Trading of Intuitive Machines
Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. International Assets Investment Management LLC purchased a new stake in shares of Intuitive Machines in the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in shares of Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company's stock worth $43,000 after buying an additional 781 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock worth $43,000 after buying an additional 1,016 shares during the last quarter. CWM LLC grew its stake in shares of Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company's stock worth $47,000 after buying an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company's stock worth $48,000 after buying an additional 1,738 shares during the last quarter. Hedge funds and other institutional investors 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.
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