Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 12,669 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 12,669 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $20.00, for a total value of $253,380.00. Following the completion of the transaction, the chief executive officer owned 1,026,402 shares in the company, valued at $20,528,040. The trade was a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Intuitive Machines Stock Up 3.4%

Shares of NASDAQ LUNR opened at $19.20 on Tuesday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -7.77 and a beta of 1.37. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95. The firm has a 50-day simple moving average of $12.44 and a 200-day simple moving average of $11.30.

Analysts Set New Price Targets

LUNR has been the topic of several analyst reports. Stifel Nicolaus set a $20.00 price target on Intuitive Machines and gave the stock a “hold” rating in a report on Friday. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. Bank of America raised their target price on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Finally, Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares in the last quarter. Quarry LP increased its stake in Intuitive Machines by 151.4% during the 3rd quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after buying an additional 3,889 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds 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.