Key Points
- Intuitive Machines SVP Timothy Crain II sold 50,000 shares at an average price of $15.05, generating $752,500. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 12.46%; he also sold 100,000 shares several days earlier.
- LUNR opened at $16.24, with a market capitalization of approximately $3.72 billion. The company recently reported a quarterly loss of $0.29 per share, missing estimates of a $0.09 loss, while revenue of $206.17 million also fell short of forecasts.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $30.50, despite mixed individual ratings. Institutional investors own 72.21% of the company, with several funds adding or initiating positions during the second quarter.
Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) SVP Timothy Crain, II sold 50,000 shares of the business's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $15.05, for a total transaction of $752,500.00. Following the completion of the sale, the senior vice president owned 351,279 shares of the company's stock, valued at approximately $5,286,748.95. This represents a 12.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Friday, September 18th, Timothy Crain, II sold 100,000 shares of Intuitive Machines stock. The stock was sold at an average price of $13.98, for a total transaction of $1,398,000.00.
Intuitive Machines Stock Performance
NASDAQ LUNR opened at $16.24 on Wednesday. The company has a market cap of $3.72 billion, a PE ratio of -17.09 and a beta of 1.85. The firm's 50 day moving average price is $15.15 and its 200-day moving average price is $21.52. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $46.75.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. On average, analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.
Institutional Trading of Intuitive Machines
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in shares of Intuitive Machines in the 2nd quarter worth $64,452,000. WINTON GROUP Ltd grew its stake in Intuitive Machines by 538.9% during the 2nd quarter. WINTON GROUP Ltd now owns 171,857 shares of the company's stock worth $3,676,000 after buying an additional 144,957 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Intuitive Machines during the 2nd quarter valued at about $1,732,000. Integrated Wealth Concepts LLC acquired a new position in Intuitive Machines during the 2nd quarter valued at about $88,000. Finally, Connective Capital Management LLC purchased a new stake in Intuitive Machines in the second quarter valued at about $393,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Analysts Set New Price Targets
LUNR has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a research report on Friday, July 17th. Roth Capital set a $30.00 target price on Intuitive Machines in a research note on Thursday, August 13th. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating for the company in a report on Tuesday, August 18th. Stifel Nicolaus raised shares of Intuitive Machines from a "hold" rating to a "buy" rating and decreased their price target for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Intuitive Machines in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.
Check Out Our Latest Analysis on LUNR
Intuitive Machines Company Profile
(
Get Free Report)
Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.
Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines' Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.
Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA's Commercial Lunar Payload Services program.
Featured 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].
