Intuitive Machines Target of Unusually Large Options Trading (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw some unusual options trading activity on Wednesday. Stock traders acquired 42,825 call options on the company. This is an increase of 61% compared to the typical daily volume of 26,576 call options.

Intuitive Machines Stock Down 15.9%

LUNR opened at $15.89 on Thursday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -6.43 and a beta of 1.37. The firm has a 50-day moving average price of $17.95 and a 200-day moving average price of $12.94. Intuitive Machines has a twelve month low of $6.14 and a twelve month high of $23.32.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. KeyCorp increased their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Bank of America increased their target price on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday, November 19th. Finally, B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and an average target price of $17.27.

Insider Activity

In other news, CEO Stephen J. Altemus sold 86,803 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the completion of the transaction, the chief executive officer directly owned 1,176,246 shares of the company’s stock, valued at $18,831,698.46. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Timothy Price Crain II sold 23,226 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $405,061.44. Following the sale, the senior vice president directly owned 359,726 shares of the company’s stock, valued at $6,273,621.44. The trade was a 6.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,689,913 shares of company stock valued at $62,240,781. 39.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares in the last quarter. Sigma Planning Corp grew its holdings in Intuitive Machines by 8.8% during the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after buying an additional 886 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of Intuitive Machines by 4.4% during the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after buying an additional 900 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted 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 worth $47,000 after buying an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.