Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells 197,637 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 197,637 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.05, for a total value of $1,195,703.85. Following the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $2,195,000.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Timothy Price Crain II also recently made the following trade(s):

• On Thursday, August 15th, Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock. The stock was sold at an average price of $4.02, for a total value of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The stock was sold at an average price of $3.93, for a total value of $292,482.39.
• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The shares were sold at an average price of $4.04, for a total value of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The shares were sold at an average price of $4.00, for a total value of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The shares were sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Stock Down 6.7 %

Shares of NASDAQ LUNR traded down $0.41 during midday trading on Monday, hitting $5.72. 7,935,749 shares of the company’s stock were exchanged, compared to its average volume of 6,721,791. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $13.25. The company’s 50 day moving average price is $4.50 and its 200 day moving average price is $4.86. The firm has a market capitalization of $712.90 million, a PE ratio of 13.95 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $43.00 million. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. bought a new stake in Intuitive Machines during the 2nd quarter worth $35,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $56,000. Baltimore Washington Financial Advisors Inc. acquired a new position in Intuitive Machines during the 1st quarter worth approximately $67,000. Rhumbline Advisers acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $119,000. Finally, Sanders Morris Harris LLC acquired a new position in Intuitive Machines during the 1st quarter worth approximately $119,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LUNR. Roth Mkm raised their price target on Intuitive Machines from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. B. Riley initiated coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Intuitive Machines has a consensus rating of “Buy” and an average target price of $9.80.

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.