Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Sells 250,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $9.01, for a total value of $2,252,500.00. Following the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $8,207,380.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Intuitive Machines Trading Down 1.4 %

Shares of LUNR traded down $0.13 during mid-day trading on Friday, reaching $9.15. 59,202,859 shares of the stock traded hands, compared to its average volume of 8,313,332. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 23.88 and a beta of 0.26. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $13.25. The firm has a fifty day moving average price of $4.71 and a 200 day moving average price of $4.91.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results 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 business had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. On average, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LUNR shares. B. Riley increased 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. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.60.

Institutional Trading of Intuitive Machines

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at about $35,000. Sanders Morris Harris LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at about $119,000. Inscription Capital LLC bought a new stake in Intuitive Machines in the 1st quarter worth approximately $304,000. Finally, Tealwood Asset Management Inc. bought a new stake in Intuitive Machines in the 1st quarter worth approximately $131,000. Institutional investors own 72.21% of the company’s stock.

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.