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

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This represents a 29.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The shares were sold at an average price of $23.61, for a total value of $199,433.67.

Intuitive Machines Stock Performance

Shares of Intuitive Machines stock traded down $0.86 during trading on Monday, reaching $21.99. The company’s stock had a trading volume of 12,498,720 shares, compared to its average volume of 13,691,705. The business’s fifty day moving average price is $29.90 and its 200-day moving average price is $21.83. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of -24.99 and a beta of 1.68. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. Sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LUNR. Roth Mkm increased their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Finally, B. Riley Financial upped their price objective on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $28,000. State of Wyoming acquired a new stake in Intuitive Machines during the 1st quarter valued at $39,000. GAMMA Investing LLC raised its position in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the last quarter. Larson Financial Group LLC raised its position in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after purchasing an additional 1,016 shares during the last quarter. Finally, CWM LLC boosted its stake in Intuitive Machines by 406.4% in 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. 72.21% of the stock is owned by institutional investors.

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.