Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells $208,485.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Vontur also recently made the following trade(s):

• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $19.39 on Friday. The company has a market capitalization of $2.72 billion, a PE ratio of -6.60 and a beta of 0.92. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The company has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $10.73.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Squarepoint Ops LLC bought a new stake in Intuitive Machines during the second quarter valued at $536,000. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at about $93,000. Creative Planning bought a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $105,000. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines during the third quarter worth approximately $83,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Intuitive Machines in the third quarter worth approximately $189,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on LUNR. Bank of America assumed coverage on Intuitive Machines in a research report on Wednesday. They issued an “underperform” rating and a $16.00 target price for the company. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Benchmark lifted their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

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.