Key Points
- Intuitive Machines director Kamal Seyed Ghaffarian sold 141,909 shares on May 4 at an average price of $25.14 for proceeds of $3.57M, leaving him with 3,494,768 shares (a 3.9% reduction, valued at about $87.9M).
- The May 4 sale was executed under a pre-arranged Rule 10b5-1 trading plan and is part of a series of sales in March–April that together generated roughly $16.2M, indicating a patterned reduction in his stake.
- Intuitive Machines (LUNR) has a market cap around $5.71B, a consensus analyst rating of Hold with an average target of $21.55, and a one-year trading range of $7.78–$31.15.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.14, for a total transaction of $3,567,592.26. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $87,858,467.52. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $28.16, for a total transaction of $3,996,157.44.
- 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 transaction 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 transaction of $5,330,102.04.
Intuitive Machines Price Performance
Shares of LUNR stock opened at $26.33 on Thursday. The stock has a market cap of $5.71 billion, a P/E ratio of -35.58 and a beta of 1.47. The company has a fifty day moving average price of $21.41 and a two-hundred day moving average price of $16.90. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $31.15.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) EPS 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 analyst estimates of $53.37 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post -0.04 EPS for the current fiscal year.
Institutional Trading of Intuitive Machines
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 717,256 shares during the last quarter. Trustees of the University of Pennsylvania acquired a new stake in shares of Intuitive Machines during the 4th quarter worth about $52,689,000. UBS Group AG lifted its stake in shares of Intuitive Machines by 22.0% during the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company's stock worth $50,238,000 after buying an additional 557,517 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Intuitive Machines by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company's stock worth $44,399,000 after buying an additional 61,084 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Intuitive Machines by 18.4% during the third quarter. Bank of America Corp DE now owns 2,677,305 shares of the company's stock worth $28,165,000 after acquiring an additional 415,359 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Roth Mkm increased their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, March 20th. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Finally, B. Riley Financial restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $21.55.
Read Our Latest Stock Analysis on LUNR
Intuitive Machines Company Profile
(
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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