13,062 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Bought by Creative Planning

Creative Planning acquired a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,062 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds have also recently modified their holdings of the business. Wedbush Securities Inc. purchased a new stake in Intuitive Machines in the second quarter worth about $35,000. SG Americas Securities LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $93,000. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines in the 2nd quarter worth approximately $56,000. Rhumbline Advisers bought a new position in Intuitive Machines during the 2nd quarter valued at approximately $119,000. Finally, XTX Topco Ltd purchased a new position in Intuitive Machines during the second quarter valued at $164,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley lifted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $10.60.

Intuitive Machines Stock Performance

LUNR opened at $10.40 on Wednesday. The company’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $5.55. The stock has a market capitalization of $1.34 billion, a P/E ratio of -13.41 and a beta of 0.35. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last released 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 for the quarter, compared to analysts’ expectations of $43.00 million. Research analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 74,248 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $8.03, for a total transaction of $596,211.44. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $28,062,987.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Stephen J. Altemus sold 250,000 shares of Intuitive Machines stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total transaction of $2,252,500.00. Following the transaction, the chief executive officer now owns 910,919 shares in the company, valued at $8,207,380.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 74,248 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $28,062,987.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,289,148 shares of company stock valued at $32,122,346. Company insiders own 73.68% of the company’s stock.

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.