Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells $12,298.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $13.00, for a total value of $12,298.00. Following the transaction, the insider now owns 115,336 shares of the company’s stock, valued at $1,499,368. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intuitive Machines Trading Down 2.8 %

Shares of LUNR traded down $0.37 during trading hours on Thursday, reaching $12.78. 13,899,036 shares of the stock traded hands, compared to its average volume of 10,272,849. The company has a market cap of $1.79 billion, a P/E ratio of -4.35 and a beta of 0.93. The company’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $6.98. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $17.14.

Analyst Upgrades and Downgrades

LUNR has been the subject of a number of analyst reports. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a report on Friday, December 6th. Benchmark increased their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.10.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after purchasing an additional 222,136 shares during the period. State Street Corp raised its position in shares of Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines in the second quarter worth $536,000. Penserra Capital Management LLC boosted its position in shares of Intuitive Machines by 16.5% during the third quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after acquiring an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after acquiring an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.