Sanders Morris Harris LLC Invests $454,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

Sanders Morris Harris LLC acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,700 shares of the company’s stock, valued at approximately $454,000.

Other institutional investors also recently modified their holdings of the company. Sender Co & Partners Inc. bought a new stake in Intuitive Machines in the second quarter valued at $56,000. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the third quarter valued at approximately $83,000. The Manufacturers Life Insurance Company bought a new stake in shares of Intuitive Machines during the third quarter valued at approximately $85,000. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines during the third quarter worth approximately $93,000. Finally, Creative Planning bought a new position in shares of Intuitive Machines in the 3rd quarter worth $105,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Down 1.8 %

LUNR opened at $18.84 on Thursday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -6.41 and a beta of 0.90. The firm has a 50-day moving average price of $14.54 and a 200-day moving average price of $8.86. Intuitive Machines, Inc. has a twelve month low of $2.48 and a twelve month high of $22.32.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Altemus sold 138,568 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total value of $1,538,104.80. Following the completion of the transaction, the chief executive officer now owns 910,919 shares in the company, valued at $10,111,200.90. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,954,713 shares of company stock worth $24,475,385 over the last 90 days. Corporate insiders own 73.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LUNR shares. 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. 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. Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald lifted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $15.80.

About Intuitive Machines

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.