Traders Buy Large Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw some unusual options trading on Friday. Traders bought 49,691 call options on the stock. This is an increase of approximately 13% compared to the typical daily volume of 43,900 call options.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $15.12 on Friday. The stock has a fifty day moving average price of $8.76 and a 200-day moving average price of $5.98. The firm has a market cap of $2.12 billion, a PE ratio of -5.14 and a beta of 0.35. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $15.55.

Insider Activity

In other Intuitive Machines news, SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $4,390,001. The trade was a 52.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the completion of the transaction, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares in the last quarter. Sanders Morris Harris LLC lifted its position in Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after buying an additional 50,600 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Intuitive Machines during the second quarter valued at approximately $272,000. Rhumbline Advisers purchased a new stake in shares of Intuitive Machines in the 2nd quarter valued at $119,000. Finally, Wedbush Securities Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter valued at $35,000. 72.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Benchmark upped their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Roth Mkm restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group increased their price target on Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines has an average rating of “Buy” and a consensus price target of $13.10.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.