Intuitive Machines (NASDAQ:LUNR) CEO Sells $621,519.07 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 41,407 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $15.01, for a total value of $621,519.07. Following the transaction, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $15,406,294.02. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $16.44 on Friday. The stock’s 50 day moving average price is $11.16 and its 200 day moving average price is $10.71. Intuitive Machines, Inc. has a 1-year low of $6.14 and a 1-year high of $24.95. The company has a market cap of $2.96 billion, a PE ratio of -6.65 and a beta of 1.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LUNR. First Trust Advisors LP increased its stake in Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after buying an additional 2,386,688 shares during the period. Gotham Asset Management LLC purchased a new position in Intuitive Machines in the 1st quarter valued at about $15,739,000. Voya Investment Management LLC acquired a new stake in shares of Intuitive Machines during the first quarter valued at about $11,311,000. Jump Financial LLC increased its position in shares of Intuitive Machines by 5,262.9% during the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after acquiring an additional 1,314,888 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Intuitive Machines by 78.6% during the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after acquiring an additional 1,141,454 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LUNR has been the subject of a number of research analyst reports. KeyCorp initiated coverage on shares of Intuitive Machines in a report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 price target for the company. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

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.