Kamal Seyed Ghaffarian Sells 1,007,928 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $29,041,522.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $7.98 on Friday. The stock has a 50 day moving average price of $5.02 and a 200 day moving average price of $4.99. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The firm has a market capitalization of $1.03 billion, a P/E ratio of 19.46 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the second quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines during the second quarter valued at $272,000. Sanders Morris Harris LLC lifted its stake in Intuitive Machines by 264.9% in the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after acquiring an additional 50,600 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines in the second quarter worth about $164,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LUNR. B. Riley raised their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Roth Mkm restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $10.60.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.