Key Points
- Director Kamal Seyed Ghaffarian sold 141,909 Intuitive Machines shares at an average $16.87 each, generating approximately $2.39 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 3.9%.
- Intuitive Machines shares opened at $16.11, down 3%, and remain well below their 52-week high of $46.75. The company reported a quarterly loss of $0.29 per share, missing the $0.09 consensus estimate, while revenue also came in below forecasts.
- Analyst sentiment remains broadly positive, with seven Buy ratings, one Hold and two Sell ratings; the stock has a “Moderate Buy” consensus and an average price target of $30.06 versus its current price.
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, August 24th. The shares were sold at an average price of $16.87, for a total transaction of $2,394,004.83. Following the sale, the director owned 3,494,768 shares in the company, valued at approximately $58,956,736.16. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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, August 10th, Kamal Seyed Ghaffarian sold 267,448 shares of Intuitive Machines stock. The stock was sold at an average price of $16.17, for a total transaction of $4,324,634.16.
- 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.
Intuitive Machines Trading Down 3.0%
LUNR stock opened at $16.11 on Thursday. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The business's 50 day moving average is $16.79 and its 200-day moving average is $21.87. The firm has a market cap of $3.69 billion, a P/E ratio of -16.96 and a beta of 1.83.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. Sell-side analysts forecast that Intuitive Machines, Inc. will post -0.64 EPS for the current year.
Hedge Funds Weigh In On Intuitive Machines
Several large investors have recently made changes to their positions in LUNR. Nykredit A S acquired a new stake in Intuitive Machines in the second quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in Intuitive Machines during the 4th quarter valued at about $28,000. State of Wyoming bought a new position in shares of Intuitive Machines in the 1st quarter valued at about $39,000. Larson Financial Group LLC boosted its stake 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 purchasing an additional 1,016 shares during the last quarter. Finally, CWM LLC grew 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 worth $47,000 after buying an additional 2,337 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Canaccord Genuity Group cut their price objective on Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. B. Riley Financial cut their price target on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a report on Friday, August 14th. Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. Finally, KeyCorp upped their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and an average target price of $30.06.
Check Out Our Latest Analysis on LUNR
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.
Read More
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].
