Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 177,734 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 177,734 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $7.93, for a total value of $1,409,430.62. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $27,713,510.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Trading Up 6.7 %

LUNR stock traded up $0.52 during trading on Wednesday, hitting $8.26. 11,943,105 shares of the company traded hands, compared to its average volume of 9,852,311. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $13.25. The company has a 50-day moving average of $7.23 and a 200-day moving average of $5.45.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. Finally, B. Riley upped their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Deuterium Capital Management LLC bought a new position in Intuitive Machines during the 1st quarter valued at approximately $125,000. Baltimore Washington Financial Advisors Inc. bought a new position in Intuitive Machines during the 1st quarter valued at approximately $67,000. Vanguard Group Inc. raised its position 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 purchasing an additional 429,531 shares during the last quarter. Sanders Morris Harris LLC raised its position 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 purchasing an additional 50,600 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Intuitive Machines during the 2nd quarter valued at approximately $272,000. Institutional investors own 72.21% of the company’s stock.

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.