Key Points
- Insider sale: Intuitive Machines director Kamal Seyed Ghaffarian sold 141,909 shares on June 1 at an average price of $39.02, totaling about $5.54 million. The trade was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 3.9%.
- Repeated selling: Ghaffarian has been steadily selling the same block of 141,909 shares in recent weeks, with additional sales on May 18, May 4, April 20, and April 6, plus a larger sale on March 24.
- Stock and outlook: LUNR shares opened at $33.83, near the middle of a 52-week range of $7.78 to $46.75. The company recently missed quarterly EPS and revenue estimates, while Wall Street’s consensus rating remains Hold with an average target price of $31.50.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $39.02, for a total value of $5,537,289.18. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at $136,365,847.36. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25.
- On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was 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 stock was 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 stock was 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 Price Performance
Shares of LUNR stock opened at $33.83 on Thursday. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -38.44 and a beta of 1.68. The business has a 50 day simple moving average of $28.41 and a 200 day simple moving average of $20.33.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analysts' expectations of $202.95 million. On average, equities analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on LUNR. Canaccord Genuity Group raised their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 15th. Wall Street Zen upgraded Intuitive Machines from a "strong sell" rating to a "sell" rating in a report on Sunday, May 24th. B. Riley Financial raised their target price on Intuitive Machines to $45.00 and gave the company a "buy" rating in a report on Friday, May 15th. Roth Mkm raised their target price on Intuitive Machines from $25.00 to $35.00 and gave the company a "buy" rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.50.
View Our Latest Stock Report on Intuitive Machines
Institutional Investors Weigh In On Intuitive Machines
A number of institutional investors have recently added to or reduced their stakes in LUNR. Invesco Ltd. grew its position in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company's stock worth $120,000 after buying an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Intuitive Machines by 43.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company's stock valued at $184,000 after purchasing an additional 7,528 shares in the last quarter. Caxton Associates LLP acquired a new stake in Intuitive Machines during the first quarter valued at approximately $139,000. Creative Planning boosted its holdings in Intuitive Machines by 29.3% during the second quarter. Creative Planning now owns 30,407 shares of the company's stock valued at $331,000 after purchasing an additional 6,886 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company's stock valued at $205,000 after purchasing an additional 2,506 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
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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