Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 74,248 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $8.03, for a total transaction of $596,211.44. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $28,062,987.04. The trade was 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 stock was sold at an average price of $7.93, for a total transaction 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 transaction 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 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 stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Up 2.2 %

LUNR stock opened at $9.73 on Friday. The business has a 50 day moving average of $7.42 and a 200 day moving average of $5.51. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly 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 the consensus estimate of $43.00 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LUNR. LMR Partners LLP bought a new stake in shares of Intuitive Machines during the third quarter valued at approximately $110,000. AlphaCentric Advisors LLC purchased a new stake in Intuitive Machines during the 3rd quarter valued at $121,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Intuitive Machines in the 3rd quarter worth $189,000. Waldron Private Wealth LLC purchased a new position in shares of Intuitive Machines in the third quarter worth $83,000. Finally, Creative Planning bought a new position in shares of Intuitive Machines during the third quarter valued at $105,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on LUNR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley increased their target price on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $10.00 price target 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 MarketBeat.com, the stock currently 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.