Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 40,254 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $12.02, for a total value of $483,853.08. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at approximately $42,007,111.36. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, July 11th, Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock. The stock was sold at an average price of $12.05, for a total value of $970,121.40.
• On Friday, June 6th, Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock. The stock was sold at an average price of $12.04, for a total value of $484,658.16.
• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60.

Intuitive Machines Trading Down 9.3%

LUNR opened at $11.25 on Tuesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -4.12 and a beta of 1.41. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $12.50.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analysts’ expectations of $66.07 million. On average, analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of analyst reports. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Bank of America lowered their price target on Intuitive Machines from $16.00 to $10.50 and set an “underperform” rating on the stock in a report on Wednesday, July 16th. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th. Cantor Fitzgerald increased their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. Finally, B. Riley restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.44.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently bought and sold shares of LUNR. Bank of New York Mellon Corp grew its holdings in Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock worth $1,285,000 after acquiring an additional 2,499 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Intuitive Machines by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company’s stock valued at $1,993,000 after buying an additional 5,970 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Intuitive Machines during the fourth quarter worth $183,000. Commonwealth Equity Services LLC acquired a new position in Intuitive Machines in the fourth quarter valued at about $357,000. Finally, Intech Investment Management LLC acquired a new position in Intuitive Machines during the fourth quarter worth about $318,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.