Stock Traders Buy Large Volume of Intuitive Machines Call Options (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 42,043 call options on the stock. This represents an increase of approximately 71% compared to the average volume of 24,587 call options.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $17.88 on Friday. The business has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $10.93. Intuitive Machines has a 1 year low of $6.14 and a 1 year high of $24.95. The company has a market capitalization of $3.22 billion, a PE ratio of -7.24 and a beta of 1.37.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LUNR. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. KeyCorp assumed coverage on shares of Intuitive Machines in a research note on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

Insider Transactions at Intuitive Machines

In related news, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $8.83 per share, with a total value of $883,000.00. Following the completion of the acquisition, the director owned 1,931,248 shares in the company, valued at $17,052,919.84. The trade was a 5.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Altemus sold 1,958,593 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the transaction, the chief executive officer owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This trade represents a 65.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,350,000 shares of company stock valued at $36,849,531 in the last three months. Corporate insiders own 39.75% of the company’s stock.

Institutional Trading of Intuitive Machines

Several large investors have recently added to or reduced their stakes in LUNR. Golden State Wealth Management LLC boosted its position in shares of Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after purchasing an additional 1,800 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after buying an additional 1,127 shares during the last quarter. Quarry LP lifted its holdings in Intuitive Machines by 151.4% in the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after acquiring an additional 3,889 shares during the period. GF Fund Management CO. LTD. purchased a new stake in Intuitive Machines during the third quarter valued at approximately $94,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Intuitive Machines during the third quarter valued at $109,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.