Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 5,660 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 5,660 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $20.00, for a total value of $113,200.00. Following the completion of the transaction, the senior vice president directly owned 298,435 shares of the company’s stock, valued at $5,968,700. The trade was a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Timothy Price Crain II also recently made the following trade(s):

• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00.
• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Trading Up 3.4%

Shares of LUNR opened at $19.20 on Tuesday. The stock’s 50 day moving average is $12.44 and its two-hundred day moving average is $11.30. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $24.95. The firm has a market cap of $3.46 billion, a P/E ratio of -7.77 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several research firms have commented on LUNR. Canaccord Genuity Group boosted their price objective on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Stifel Nicolaus set a $20.00 target price on shares of Intuitive Machines and gave the stock a “hold” rating in a research note on Friday. KeyCorp initiated coverage on Intuitive Machines in a report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Trading of Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after purchasing an additional 717,256 shares in the last quarter. Bank of America Corp DE lifted its stake in Intuitive Machines by 18.4% during the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after acquiring an additional 415,359 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after acquiring an additional 954,778 shares during the period. Geode Capital Management LLC grew its position in Intuitive Machines by 78.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after acquiring an additional 1,141,454 shares in the last quarter. Finally, UBS Group AG grew its position in Intuitive Machines by 53.4% in the 3rd quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock valued at $26,698,000 after acquiring an additional 883,513 shares in the last quarter. 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.