Stock Traders Purchase High Volume of Intuitive Machines Call Options (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of some unusual options trading on Thursday. Stock traders purchased 79,143 call options on the company. This is an increase of 38% compared to the typical volume of 57,328 call options.

Insider Activity at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 400,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $15.04, for a total value of $5,684,713.92. Following the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at $52,561,310.72. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,701,785 shares of company stock valued at $18,458,666 over the last ninety days. 73.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. Barclays PLC grew its stake in Intuitive Machines by 275.2% during the third quarter. Barclays PLC now owns 37,323 shares of the company’s stock valued at $300,000 after acquiring an additional 27,376 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after acquiring an additional 222,136 shares during the last quarter. Savoie Capital LLC purchased a new stake in shares of Intuitive Machines during the third quarter valued at approximately $112,000. State Street Corp boosted its position in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Intuitive Machines in the third quarter worth about $525,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

LUNR has been the subject of several research analyst reports. Cantor Fitzgerald upped 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. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, December 6th. Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, B. Riley upped their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $14.10.

Intuitive Machines Trading Up 14.6 %

Intuitive Machines stock opened at $19.08 on Friday. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $19.29. The business’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $7.34. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -6.49 and a beta of 0.91.

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.