Kamal Seyed Ghaffarian Sells 377,973 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The shares were sold at an average price of $15.04, for a total transaction of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The stock was sold at an average price of $8.03, for a total value of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were 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 stock was sold at an average price of $7.43, for a total value of $936,113.13.

Intuitive Machines Price Performance

Intuitive Machines stock traded up $1.16 during midday trading on Thursday, reaching $19.32. The stock had a trading volume of 27,707,867 shares, compared to its average volume of 10,540,932. The firm’s fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $7.92. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $21.00. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -6.57 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LUNR. Benchmark raised their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. B. Riley increased their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald lifted their price target 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. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, Canaccord Genuity Group reduced their price objective 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines has an average rating of “Buy” and an average target price of $14.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Intuitive Machines in the second quarter valued at about $536,000. Bank of New York Mellon Corp acquired a new position in Intuitive Machines in the 2nd quarter worth about $272,000. Stifel Financial Corp purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth about $525,000. Finally, FORA Capital LLC acquired a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $458,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.