Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells 300,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.23, for a total transaction of $2,469,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $2,985,926.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, September 12th, Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock. The shares were sold at an average price of $6.05, for a total transaction of $1,195,703.85.
• 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 transaction of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The shares were 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 transaction of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total transaction of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded down $0.13 during mid-day trading on Friday, hitting $9.15. 59,202,859 shares of the stock traded hands, compared to its average volume of 8,313,332. The company has a market cap of $1.14 billion, a PE ratio of 23.88 and a beta of 0.26. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25. The firm has a 50 day simple moving average of $4.71 and a two-hundred day simple moving average of $4.91.

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

Analyst Upgrades and Downgrades

LUNR has been the subject of several research analyst reports. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Finally, B. Riley raised their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.60.

Institutional Investors Weigh In On Intuitive Machines

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

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.