Intuitive Machines (NASDAQ:LUNR) SVP Sells $3,413,911.10 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 170,185 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $20.06, for a total transaction of $3,413,911.10. Following the transaction, the senior vice president owned 298,435 shares in the company, valued at $5,986,606.10. This represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Timothy Price Crain II also recently made the following trade(s):

• On Friday, January 16th, Timothy Price Crain II sold 24,155 shares of Intuitive Machines stock. The shares were sold at an average price of $20.04, for a total value of $484,066.20.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The stock was sold at an average price of $20.00, for a total value of $113,200.00.
• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00.
• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock traded down $0.39 on Tuesday, reaching $21.19. The stock had a trading volume of 12,375,532 shares, compared to its average volume of 13,654,785. The stock has a market cap of $3.82 billion, a P/E ratio of -8.58 and a beta of 1.37. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $24.95. The business’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $11.62.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Golden State Wealth Management LLC raised its position in Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares during the last quarter. GAMMA Investing LLC lifted its position in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Intuitive Machines by 35.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after acquiring an additional 1,127 shares during the last quarter. Quarry LP increased its position in Intuitive Machines by 151.4% in the 3rd quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after acquiring an additional 3,889 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in shares of Intuitive Machines in the third quarter worth about $94,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on LUNR shares. Canaccord Genuity Group lifted their price target on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. B. Riley upped their target price on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, KeyCorp started coverage on Intuitive Machines in a research note on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Moderate Buy” and an average price target 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.