Key Points
- Intuitive Machines director Kamal Seyed Ghaffarian sold 267,448 shares at an average price of $16.17, generating $4.32 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 7.11%.
- Ghaffarian has made several additional sales since May, totaling hundreds of thousands of shares, while Intuitive Machines’ stock has declined from a 52-week high of $46.75 to an opening price of $16.95.
- The company recently missed quarterly earnings and revenue estimates, while analysts maintain a consensus “Hold” rating with an average price target of $33.31; seven analysts rate the stock a Buy, two a Hold, and two a Sell.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 267,448 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at $56,510,398.56. This represents a 7.11% decrease in their ownership of the stock. The transaction 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, July 27th, Kamal Seyed Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total transaction of $624,399.60.
- On Monday, June 29th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total transaction of $2,899,200.87.
- 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 shares were 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.
Intuitive Machines Price Performance
NASDAQ:LUNR opened at $16.95 on Thursday. The company has a market capitalization of $3.68 billion, a P/E ratio of -19.26 and a beta of 1.83. The business has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $21.94. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share 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. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.35 earnings per share for the current year.
Institutional Investors Weigh In On Intuitive Machines
Several large investors have recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. bought a new position in Intuitive Machines in the 2nd quarter worth about $374,000. International Assets Investment Management LLC bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $39,000. Larson Financial Group LLC boosted its position in shares of Intuitive Machines by 63.2% during 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, PNC Financial Services Group Inc. grew its holdings in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after purchasing an additional 712 shares in the last quarter. Institutional investors own 72.21% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on LUNR shares. B. Riley Financial reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Canaccord Genuity Group boosted their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Stifel Nicolaus set a $32.00 price target on shares of Intuitive Machines in a research note on Friday, May 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $34.00 price objective on shares of Intuitive Machines in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $33.31.
View Our Latest Report 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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