Key Points
- Intuitive Machines SVP Timothy Price Crain II sold 150,000 shares on June 18 at an average price of $21.87, totaling about $3.28 million. After the sale, he still held 351,279 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- The company’s latest earnings missed analyst expectations, with quarterly EPS of -$0.25 versus an expected -$0.07 and revenue of $186.73 million below estimates. Analysts currently expect Intuitive Machines to post -0.35 EPS for the year.
- Despite mixed sentiment, Wall Street remains divided on LUNR: eight analysts rate it a Buy, while the overall consensus is Hold with an average price target of $31.50. Institutional ownership remains high at 72.21%.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) SVP Timothy Price Crain II sold 150,000 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president owned 351,279 shares of the company's stock, valued at $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Timothy Price Crain II also recently made the following trade(s):
- On Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The stock was sold at an average price of $23.61, for a total transaction of $199,433.67.
Intuitive Machines Price Performance
NASDAQ LUNR opened at $21.99 on Tuesday. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock's 50-day moving average is $29.90 and its two-hundred day moving average is $21.92. The firm has a market cap of $4.77 billion, a P/E ratio of -24.99 and a beta of 1.68.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. On average, equities analysts expect that Intuitive Machines, Inc. will post -0.35 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on LUNR shares. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a report on Friday, May 15th. B. Riley Financial lifted their price target on shares of Intuitive Machines to $45.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Intuitive Machines from a "strong sell" rating to a "sell" rating in a report on Sunday, May 24th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and three 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 price target of $31.50.
Read Our Latest Stock Analysis on LUNR
Institutional Trading of Intuitive Machines
A number of hedge funds have recently modified their holdings of LUNR. Vanguard Group Inc. increased its position 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 purchasing an additional 717,256 shares during the period. Trustees of the University of Pennsylvania bought a new position in Intuitive Machines in the fourth quarter worth $52,689,000. UBS Group AG lifted its position in Intuitive Machines by 22.0% in the fourth quarter. UBS Group AG now owns 3,095,383 shares of the company's stock worth $50,238,000 after purchasing an additional 557,517 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $44,399,000 after buying an additional 61,084 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake 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 buying an additional 415,359 shares in the last quarter. 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
