Key Points
- Intuitive Machines director Kamal Seyed Ghaffarian sold 141,909 shares on June 29 for about $2.9 million at an average price of $20.43. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his remaining stake was valued at about $71.4 million.
- The director has been selling the same block of shares repeatedly in recent months, including transactions on June 15, June 1, May 18, May 4, April 20, and April 6. These sales ranged in value from about $3.3 million to $5.5 million each.
- LUNR shares were down 5.6% and the company has also faced mixed fundamentals and analyst views. Its latest quarterly results missed EPS and revenue estimates, while Wall Street ratings range from strong sell to buy, 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 company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87. Following the completion of the sale, the director directly owned 3,494,768 shares of the company's stock, valued at $71,398,110.24. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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, June 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total value of $3,710,920.35.
- On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $39.02, for a total value of $5,537,289.18.
- 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 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.
Intuitive Machines Trading Down 5.6%
NASDAQ LUNR opened at $20.20 on Thursday. The company's fifty day simple moving average is $29.16 and its 200-day simple moving average is $22.34. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The stock has a market cap of $4.38 billion, a P/E ratio of -22.95 and a beta of 1.78.
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 for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, research analysts expect that Intuitive Machines, Inc. will post -0.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on LUNR shares. Zacks Research downgraded Intuitive Machines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 19th. Canaccord Genuity Group increased their price target 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 research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.50.
Check Out Our Latest Stock Analysis on Intuitive Machines
Hedge Funds Weigh In On Intuitive Machines
A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Intuitive Machines during the fourth quarter valued at approximately $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines in the 1st quarter worth approximately $39,000. GAMMA Investing LLC increased its holdings 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 valued at $43,000 after acquiring an additional 781 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 valued at $43,000 after acquiring an additional 1,016 shares during the last quarter. Finally, CWM LLC raised its position in shares of Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company's stock valued at $47,000 after acquiring an additional 2,337 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.
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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