Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Purchased by State Street Corp

State Street Corp lifted its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,051 shares of the company’s stock after acquiring an additional 7,538 shares during the quarter. State Street Corp owned 0.45% of Intuitive Machines worth $4,637,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LUNR. Wedbush Securities Inc. bought a new position in Intuitive Machines during the second quarter worth $35,000. Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines during the second quarter worth $56,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines in the 3rd quarter worth about $83,000. The Manufacturers Life Insurance Company acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Finally, SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $18.39 on Monday. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $19.62. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 0.93. The business has a 50 day simple moving average of $11.92 and a 200 day simple moving average of $7.56.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LUNR shares. B. Riley increased their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Benchmark increased their price target on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Canaccord Genuity Group cut their target price on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Buy” and an average target price of $14.10.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 125,991 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $7.43, for a total transaction of $936,113.13. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $25,966,126.24. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Altemus sold 138,568 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $10,111,200.90. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,702,731 shares of company stock valued at $18,475,694 in the last quarter. Corporate insiders own 73.68% of the company’s stock.

Intuitive Machines 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.