Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $34.25, for a total transaction of $4,860,383.25. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $119,695,804. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $25.14, for a total transaction of $3,567,592.26.
• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $28.16, for a total transaction of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $23.20, for a total transaction of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $1.21 during trading hours on Wednesday, hitting $33.67. 12,872,585 shares of the company’s stock traded hands, compared to its average volume of 12,827,686. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $38.55. The company has a market capitalization of $7.30 billion, a PE ratio of -38.26 and a beta of 1.47. The firm’s 50-day moving average is $24.02 and its 200-day moving average is $18.15.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Equities research analysts predict that Intuitive Machines, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LUNR. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research note on Wednesday. B. Riley Financial increased their price target on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday. KeyCorp increased their price target on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.65.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently made changes to their positions in LUNR. Citigroup Inc. lifted its holdings in Intuitive Machines by 627.6% during the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock worth $11,026,000 after buying an additional 904,065 shares in the last quarter. LBP AM SA lifted its holdings in Intuitive Machines by 87.2% during the 3rd quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after buying an additional 119,419 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Intuitive Machines by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after buying an additional 717,256 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Intuitive Machines by 78.9% during the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after buying an additional 914,458 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $4,696,000. Hedge funds and other 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.