Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells 4,528 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 4,528 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Steven Vontur also recently made the following trade(s):

• On Friday, January 31st, Steven Vontur sold 9,266 shares of Intuitive Machines stock. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00.
• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $13.00, for a total transaction of $12,298.00.

Intuitive Machines Trading Down 9.0 %

Shares of NASDAQ:LUNR opened at $18.14 on Wednesday. The firm has a market cap of $2.55 billion, a PE ratio of -6.17 and a beta of 0.92. The company has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $11.09. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Geode Capital Management LLC raised its stake in Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares in the last quarter. Van ECK Associates Corp bought a new position in Intuitive Machines during the 4th quarter worth approximately $3,403,000. SBI Securities Co. Ltd. acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $2,361,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $1,637,000. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LUNR. Benchmark raised their price objective on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America began coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.83.

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.