Insider Selling: Intuitive Machines (NASDAQ:LUNR) CEO Sells 12,669 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 12,669 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $20.00, for a total transaction of $253,380.00. Following the transaction, the chief executive officer owned 1,026,402 shares in the company, valued at $20,528,040. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Intuitive Machines Price Performance

Intuitive Machines stock traded up $0.64 during mid-day trading on Monday, hitting $19.20. 10,426,356 shares of the company were exchanged, compared to its average volume of 12,508,742. The business’s 50 day simple moving average is $12.44 and its two-hundred day simple moving average is $11.30. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The company has a market capitalization of $3.46 billion, a P/E ratio of -7.77 and a beta of 1.37.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently added to or reduced their stakes in the business. Green Alpha Advisors LLC acquired a new stake in Intuitive Machines during the 4th quarter worth about $468,000. GAMMA Investing LLC raised its holdings in shares of Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $123,000. PharVision Advisers LLC bought a new position in shares of Intuitive Machines during the 3rd quarter valued at $405,000. Finally, XTX Topco Ltd increased its holdings in shares of Intuitive Machines by 950.7% during the 3rd quarter. XTX Topco Ltd now owns 193,544 shares of the company’s stock valued at $2,036,000 after acquiring an additional 175,124 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the stock a “buy” rating in a research report on Friday, October 17th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. B. Riley increased their target price on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. KeyCorp began coverage on Intuitive Machines in a research report on Thursday, December 18th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

About Intuitive Machines

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.