Barclays PLC Acquires 27,376 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

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

Several other hedge funds and other institutional investors have also modified their holdings of LUNR. Sender Co & Partners Inc. bought a new stake in shares of Intuitive Machines during the second quarter worth $56,000. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the 3rd quarter worth about $83,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter valued at about $85,000. SG Americas Securities LLC bought 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 during the third quarter worth approximately $105,000. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LUNR shares. Cantor Fitzgerald boosted their price objective 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. Benchmark upped their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group lifted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $15.80.

Intuitive Machines Stock Down 2.9 %

NASDAQ:LUNR opened at $18.51 on Tuesday. Intuitive Machines, Inc. has a 12-month low of $2.49 and a 12-month high of $22.32. The stock’s fifty day simple moving average is $15.13 and its 200-day simple moving average is $9.18. The firm has a market capitalization of $2.60 billion, a P/E ratio of -6.30 and a beta of 0.90.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This trade represents a 9.76 % 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, CEO Stephen J. Altemus sold 138,568 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,609,820 shares of company stock valued at $21,709,343. 73.68% of the stock is currently owned by company insiders.

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.