Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 177,734 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 177,734 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $7.93, for a total transaction of $1,409,430.62. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The stock was sold at an average price of $8.02, for a total value of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The shares were sold at an average price of $8.31, for a total value of $8,375,881.68.
• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The stock was sold at an average price of $6.08, for a total transaction of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The shares were sold at an average price of $6.00, for a total transaction of $7,200.00.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock opened at $8.26 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of -10.07 and a beta of 0.35. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The stock’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $5.45.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping 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. Equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently 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 company a “buy” rating in a report on Thursday, September 19th. Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of “Buy” and an average target price of $10.60.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently made changes to their positions in the stock. AlphaCentric Advisors LLC purchased a new position in Intuitive Machines during the third quarter worth about $121,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Intuitive Machines in the third quarter valued at approximately $189,000. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the third quarter valued at approximately $83,000. Creative Planning purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $105,000. Finally, SG Americas Securities LLC bought a new position in shares of Intuitive Machines in the 3rd quarter worth $93,000. Hedge funds and other institutional investors own 72.21% 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.