Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus Sells 61,432 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 61,432 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,020,109. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intuitive Machines Stock Up 13.1 %

NASDAQ:LUNR opened at $11.76 on Thursday. The company’s 50 day moving average is $7.64 and its 200-day moving average is $5.58. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -14.34 and a beta of 0.35. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $13.25.

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 analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. Research analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley boosted 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. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.60.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after buying an additional 429,531 shares during the period. Squarepoint Ops LLC bought a new position in Intuitive Machines during the second quarter worth $536,000. Bank of New York Mellon Corp acquired a new position in Intuitive Machines during the 2nd quarter valued at $272,000. FORA Capital LLC bought a new stake in Intuitive Machines in the 3rd quarter valued at $458,000. Finally, Sanders Morris Harris LLC boosted its holdings in Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after purchasing an additional 50,600 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.