Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Sells 37,906 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This represents a 7.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Intuitive Machines Price Performance

LUNR stock opened at $7.79 on Wednesday. The stock has a market capitalization of $1.39 billion, a P/E ratio of -2.65 and a beta of 1.33. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The business has a 50-day moving average of $11.44 and a 200-day moving average of $12.96.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. Equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows




Large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Intuitive Machines in the 4th quarter valued at $44,000. Jones Financial Companies Lllp grew its holdings in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Intuitive Machines in the first quarter valued at about $81,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines during the third quarter worth about $85,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Intuitive Machines by 201.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after acquiring an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LUNR shares. Roth Mkm cut their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. Roth Capital set a $20.00 price target on Intuitive Machines in a report on Friday, March 7th. Bank of America assumed coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Finally, Cantor Fitzgerald decreased their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Get Our Latest Report on LUNR

About Intuitive Machines

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Intuitive Machines (NASDAQ:LUNR)

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