Kamal Seyed Ghaffarian Sells 74,248 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 74,248 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $8.03, for a total value of $596,211.44. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $28,062,987.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The shares were sold at an average price of $8.31, for a total value of $8,375,881.68.
• 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 value of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The shares were sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Trading Up 2.2 %

NASDAQ:LUNR opened at $9.73 on Friday. The stock has a market capitalization of $1.25 billion, a PE ratio of -11.87 and a beta of 0.35. The firm’s 50 day moving average is $7.42 and its 200 day moving average is $5.51. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. Research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds have recently modified their holdings of the stock. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines during the 1st quarter valued at $67,000. Vanguard Group Inc. raised its holdings in Intuitive Machines by 250.0% during the 1st 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 during the period. Sanders Morris Harris LLC raised its holdings in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after acquiring an additional 50,600 shares during the period. Bank of New York Mellon Corp bought a new stake in Intuitive Machines during the 2nd quarter valued at $272,000. Finally, Rhumbline Advisers bought a new stake in Intuitive Machines during the 2nd quarter valued at $119,000. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LUNR. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Roth Mkm reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.