Key Points
- Director Kamal Ghaffarian sold 94,606 Intuitive Machines shares at an average $15.40, generating approximately $1.46 million. The Rule 10b5-1 transaction reduced his ownership by 2.64%, leaving him with 3.49 million shares.
- Ghaffarian has made several additional sales in recent months, including 1,698 shares on September 9 and larger transactions in June and August, indicating continued insider selling.
- LUNR shares opened at $14.62, while the company recently reported a quarterly loss of $0.29 per share and $206.17 million in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $30.50, despite mixed ratings.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Ghaffarian sold 1,698 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $27,168.00. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at approximately $55,916,288. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, September 8th, Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock. The shares were sold at an average price of $15.40, for a total transaction of $1,456,932.40.
- On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $16.87, for a total value of $2,394,004.83.
- On Monday, August 10th, Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16.
- On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total value of $624,399.60.
- On Monday, June 29th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87.
- On Monday, June 15th, Kamal 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.
Intuitive Machines Trading Down 2.1%
Shares of NASDAQ LUNR opened at $14.62 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of -15.39 and a beta of 1.85. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The stock has a fifty day simple moving average of $15.54 and a 200-day simple moving average of $21.69.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (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 analysts' expectations of $212.32 million. On average, equities analysts predict that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.
Hedge Funds Weigh In On Intuitive Machines
A number of institutional investors and hedge funds have recently made changes to their positions in LUNR. Nykredit A S purchased a new stake in shares of Intuitive Machines during the second quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in Intuitive Machines in the fourth quarter worth approximately $28,000. State of Wyoming acquired a new position in Intuitive Machines during the 1st quarter worth approximately $39,000. Larson Financial Group LLC grew its holdings in Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock worth $43,000 after acquiring an additional 1,016 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after acquiring an additional 712 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on LUNR. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. Bank of America lifted their price objective on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an "underperform" rating in a report on Monday, August 31st. Wall Street Zen raised shares of Intuitive Machines from a "strong sell" rating to a "sell" rating in a research note on Sunday, May 24th. B. Riley Financial reduced their target price on shares of Intuitive Machines from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, August 14th. Finally, Zacks Research raised shares of Intuitive Machines from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Intuitive Machines currently has an average rating of "Moderate Buy" and a consensus target price of $30.50.
Check Out Our Latest Research Report 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.
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