Key Points
- Intuitive Machines director Kamal Seyed Ghaffarian sold 141,909 shares on May 18 at an average price of $34.25, generating about $4.86 million in proceeds. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Following the transaction, Ghaffarian still owned 3,494,768 shares valued at roughly $119.7 million, though his stake fell by about 3.9%. He has also sold similar-sized blocks in several earlier transactions over the past couple of months.
- Intuitive Machines has seen a mixed backdrop: the stock recently traded near its 52-week high, but the company missed earnings and revenue estimates in its latest quarterly report. Analysts are split, with an average rating of Hold and a consensus price target of $29.65.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $119,695,804. This represents 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, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $25.14, for a total value of $3,567,592.26.
- 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 value 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 value of $3,292,288.80.
- On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04.
Intuitive Machines Stock Performance
Shares of Intuitive Machines stock opened at $33.67 on Thursday. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $38.55. The stock's fifty day moving average is $24.33 and its 200 day moving average is $18.31. The stock has a market cap of $7.30 billion, a P/E ratio of -38.26 and a beta of 1.47.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. Analysts predict that Intuitive Machines, Inc. will post -0.45 EPS for the current year.
Institutional Trading of Intuitive Machines
Several institutional investors have recently added to or reduced their stakes in LUNR. Vanguard Group Inc. raised its stake 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 valued at $64,067,000 after acquiring an additional 717,256 shares in the last quarter. Trustees of the University of Pennsylvania purchased a new position in Intuitive Machines during the fourth quarter valued at approximately $52,689,000. UBS Group AG increased its holdings in Intuitive Machines by 22.0% during the fourth quarter. UBS Group AG now owns 3,095,383 shares of the company's stock valued at $50,238,000 after buying an additional 557,517 shares during the period. Geode Capital Management LLC increased its holdings in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company's stock valued at $44,399,000 after buying an additional 61,084 shares during the period. Finally, Bank of America Corp DE increased its holdings 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 valued at $28,165,000 after buying an additional 415,359 shares during the period. Institutional investors own 72.21% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LUNR. KeyCorp increased their price target on Intuitive Machines from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $34.00 price target on shares of Intuitive Machines in a research note on Wednesday. Canaccord Genuity Group increased their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. B. Riley Financial increased their price target on Intuitive Machines to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $29.65.
Read Our Latest Stock Report on Intuitive Machines
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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