Barclays PLC Boosts Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Barclays PLC raised its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 275.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,323 shares of the company’s stock after purchasing an additional 27,376 shares during the quarter. Barclays PLC’s holdings in Intuitive Machines were worth $300,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $83,000. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines in the second quarter worth about $35,000. The Manufacturers Life Insurance Company acquired a new position in shares of Intuitive Machines in the third quarter worth about $85,000. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $93,000. Finally, Creative Planning acquired a new position in shares of Intuitive Machines in the third quarter worth about $105,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. B. Riley upped their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Benchmark upped their price objective on shares of 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 upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Roth Mkm restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Canaccord Genuity Group reduced their price target 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Buy” and an average target price of $14.10.

Intuitive Machines Stock Up 13.3 %

LUNR opened at $21.89 on Monday. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $22.12. The company has a 50-day moving average price of $13.04 and a 200 day moving average price of $8.08. The company has a market cap of $3.07 billion, a PE ratio of -7.45 and a beta of 0.90.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the sale, the senior vice president now owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,954,713 shares of company stock worth $24,475,385. 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.