Investors Buy Large Volume of Intuitive Machines Call Options (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of some unusual options trading activity on Friday. Stock traders acquired 66,457 call options on the company. This represents an increase of 710% compared to the average daily volume of 8,204 call options.

Insider Activity at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock in a transaction on Monday, July 1st. The stock was sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $1,219,041.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Timothy Price Crain II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $1,219,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 203,018 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $4.53, for a total transaction of $919,671.54. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 607,050 shares of company stock worth $2,508,917. Corporate insiders own 73.68% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LUNR. Vanguard Group Inc. lifted 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 acquiring an additional 429,531 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the second quarter valued at approximately $536,000. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines in the 2nd quarter worth approximately $272,000. Sanders Morris Harris LLC grew its stake in shares of Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after buying an additional 50,600 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Intuitive Machines in the 2nd quarter worth approximately $164,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LUNR shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, August 14th. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Roth Mkm boosted their price objective on shares of Intuitive Machines from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. B. Riley began coverage on shares of Intuitive Machines in a report on Friday, June 28th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Buy” and a consensus target price of $9.80.

Intuitive Machines Trading Up 3.1 %

Shares of Intuitive Machines stock opened at $4.97 on Friday. Intuitive Machines has a 12-month low of $2.09 and a 12-month high of $13.25. The company has a market cap of $619.42 million, a P/E ratio of 12.12 and a beta of 0.21. The company’s fifty day simple moving average is $4.09 and its two-hundred day simple moving average is $5.03.

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.