Kamal Seyed Ghaffarian Sells 177,734 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 177,734 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 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 transaction 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 transaction 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 Performance

Shares of LUNR traded up $0.52 during mid-day trading on Wednesday, hitting $8.26. The stock had a trading volume of 11,943,105 shares, compared to its average volume of 9,852,311. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $5.45. Intuitive Machines, Inc. has a 52 week low of $2.09 and a 52 week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. On average, equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Institutional Trading of Intuitive Machines

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 period. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $536,000. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $272,000. Sanders Morris Harris LLC raised its stake in shares of 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 period. Finally, XTX Topco Ltd bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $164,000. 72.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LUNR. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Monday, September 30th. Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines has a consensus rating of “Buy” and an average target price 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.