Timothy Price Crain II Sells 150,000 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the sale, the senior vice president owned 359,726 shares of the company’s stock, valued at $6,313,191.30. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 11th, Timothy Price Crain II sold 23,226 shares of Intuitive Machines stock. The stock was sold at an average price of $17.44, for a total transaction of $405,061.44.
• 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 transaction of $484,066.20.
• On Thursday, January 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The shares were sold at an average price of $20.06, for a total transaction of $3,413,911.10.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The shares were sold at an average price of $20.00, for a total transaction of $113,200.00.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR traded up $2.48 during trading hours on Monday, hitting $20.31. The company’s stock had a trading volume of 18,975,042 shares, compared to its average volume of 11,128,229. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -27.45 and a beta of 1.40. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $23.32. The business has a 50-day simple moving average of $18.40 and a 200-day simple moving average of $14.03.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to analysts’ expectations of $53.37 million. On average, equities research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on LUNR shares. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, February 25th. Cantor Fitzgerald lifted their target price on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.55.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently added to or reduced their stakes in LUNR. GAMMA Investing LLC raised its stake in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Intuitive Machines by 8.8% in the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after acquiring an additional 886 shares during the last quarter. Tealwood Asset Management Inc. increased its holdings in shares of Intuitive Machines by 4.4% during the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after acquiring an additional 900 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Intuitive Machines by 3.6% in the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock worth $558,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

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.