Intuitive Machines, Inc. $LUNR Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,061,574 shares of the company’s stock after selling 28,485 shares during the period. Vanguard Group Inc.’s holdings in Intuitive Machines were worth $98,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LUNR. GAMMA Investing LLC grew its stake 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 purchasing an additional 781 shares in the last quarter. CWM LLC grew its stake in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after purchasing an additional 2,337 shares in the last quarter. Quarry LP grew its stake in shares of Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after purchasing an additional 3,889 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Intuitive Machines during the third quarter worth $94,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Intuitive Machines during the fourth quarter worth $104,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

LUNR has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, March 20th. KeyCorp boosted their price target on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.55.

Insider Buying and Selling at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $324,661.11. Following the transaction, the chief executive officer owned 1,162,495 shares of the company’s stock, valued at $27,446,506.95. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the transaction, the chief financial officer directly owned 401,246 shares in the company, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 993,100 shares of company stock valued at $21,312,171 over the last ninety days. 54.10% of the stock is currently owned by corporate insiders.

Intuitive Machines Price Performance

Shares of LUNR opened at $35.68 on Thursday. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $36.72. The stock has a market cap of $7.74 billion, a PE ratio of -48.22 and a beta of 1.47. The firm has a fifty day moving average price of $22.74 and a 200 day moving average price of $17.55.

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

Intuitive Machines 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.