Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 31.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 933,272 shares of the company’s stock after buying an additional 222,136 shares during the quarter. Geode Capital Management LLC owned about 0.73% of Intuitive Machines worth $7,514,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Intuitive Machines in the second quarter valued at approximately $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines in the second quarter valued at $272,000. Stifel Financial Corp purchased a new position in shares of Intuitive Machines in the third quarter valued at $525,000. FORA Capital LLC acquired a new stake in Intuitive Machines during the 3rd quarter valued at $458,000. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines during the 2nd quarter worth $164,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Stock Up 6.4 %

Shares of Intuitive Machines stock opened at $19.32 on Friday. The business has a 50-day moving average price of $12.76 and a 200 day moving average price of $7.92. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $21.00. The firm has a market cap of $2.71 billion, a P/E ratio of -6.57 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LUNR shares. B. Riley upped their price objective 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. Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald lifted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a research note on Friday, December 6th. Finally, Benchmark raised their price target 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines presently has an average rating of “Buy” and a consensus target price of $14.10.

Insider Transactions at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 61,432 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.00, for a total transaction of $675,752.00. Following the sale, the chief executive officer now owns 910,919 shares in the company, valued at $10,020,109. This represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $25,966,126.24. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,080,704 shares of company stock worth $25,411,498. 73.68% of the stock is currently owned by corporate insiders.

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.