Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,046 shares of the company’s stock after buying an additional 6,454 shares during the period. SG Americas Securities LLC’s holdings in Intuitive Machines were worth $328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC acquired a new position in shares of Intuitive Machines during the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines in the third quarter valued at about $85,000. Creative Planning acquired a new position in shares of Intuitive Machines during the third quarter worth about $105,000. LMR Partners LLP purchased a new stake in shares of Intuitive Machines in the third quarter worth about $110,000. Finally, Savoie Capital LLC purchased a new stake in shares of Intuitive Machines in the third quarter worth about $112,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 61,432 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,020,109. This trade represents a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. This represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,367,104 shares of company stock valued at $19,912,186 over the last ninety days. Corporate insiders own 73.68% of the company’s stock.

Intuitive Machines Stock Down 0.6 %

Shares of LUNR opened at $21.58 on Wednesday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -7.34 and a beta of 0.92. The business’s 50 day moving average is $17.18 and its two-hundred day moving average is $10.55. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several recent research reports. Cantor Fitzgerald boosted their price target on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Benchmark boosted their target price 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. Finally, Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Buy” and a consensus price target of $15.80.

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.