DNB Asset Management AS Takes Position in Intuitive Machines, Inc. $LUNR

DNB Asset Management AS purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 106,352 shares of the company’s stock, valued at approximately $1,119,000. DNB Asset Management AS owned approximately 0.06% of Intuitive Machines at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LUNR. Golden State Wealth Management LLC grew its holdings in Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after purchasing an additional 1,800 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after purchasing an additional 1,127 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $94,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $109,000. Finally, Axim Planning & Wealth bought a new position in Intuitive Machines during the 3rd quarter valued at approximately $113,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Stephen J. Altemus sold 1,958,593 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $15.77, for a total value of $30,887,011.61. Following the sale, the chief executive officer owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This trade represents a 65.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the completion of the sale, the senior vice president directly owned 298,435 shares of the company’s stock, valued at approximately $4,786,897.40. This trade represents a 40.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,689,913 shares of company stock worth $62,240,781. 39.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LUNR shares. KeyCorp boosted their target price on Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Canaccord Genuity Group lifted their price target on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th. Bank of America upped their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Stifel Nicolaus set a $20.00 target price on shares of Intuitive Machines and gave the stock a “hold” rating in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.27.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $18.20 on Wednesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -7.37 and a beta of 1.40. The business has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $13.18. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32.

Intuitive Machines 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.