Stephen Altemus Sells 83,914 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 83,914 shares of Intuitive Machines stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $1,513,808.56. Following the completion of the sale, the chief executive officer owned 1,026,402 shares in the company, valued at approximately $18,516,292.08. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Intuitive Machines Trading Down 1.1%

NASDAQ LUNR opened at $18.62 on Thursday. The company has a 50-day moving average price of $11.99 and a two-hundred day moving average price of $11.11. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -7.54 and a beta of 1.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after acquiring an additional 2,643 shares during the period. MetLife Investment Management LLC lifted its holdings in Intuitive Machines by 50.8% in the 1st quarter. MetLife Investment Management LLC now owns 25,795 shares of the company’s stock valued at $192,000 after acquiring an additional 8,684 shares during the last quarter. Comerica Bank bought a new position in shares of Intuitive Machines during the 1st quarter valued at about $173,000. Corebridge Financial Inc. grew its stake in shares of Intuitive Machines by 35.7% in the 1st quarter. Corebridge Financial Inc. now owns 20,489 shares of the company’s stock worth $153,000 after purchasing an additional 5,391 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

LUNR has been the topic of several recent analyst reports. B. Riley lifted their target price on Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a report on Friday, November 7th. Stifel Nicolaus began coverage on shares of Intuitive Machines in a research report on Monday, November 3rd. They issued a “buy” rating and a $18.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

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.