Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 150,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $17.55, for a total value of $2,632,500.00. Following the sale, the senior vice president owned 359,726 shares of the company’s stock, valued at $6,313,191.30. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 11th, Timothy Price Crain II sold 23,226 shares of Intuitive Machines stock. The shares were sold at an average price of $17.44, for a total value of $405,061.44.
• On Friday, January 16th, Timothy Price Crain II sold 24,155 shares of Intuitive Machines stock. The stock was sold at an average price of $20.04, for a total value of $484,066.20.
• On Thursday, January 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The stock was sold at an average price of $20.06, for a total transaction of $3,413,911.10.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The shares were sold at an average price of $20.00, for a total transaction of $113,200.00.

Intuitive Machines Stock Up 13.9%

Shares of LUNR stock opened at $20.31 on Tuesday. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32. The firm’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $14.11. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -27.45 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. On average, equities analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Canaccord Genuity Group raised their price objective on Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research report on Friday. Cantor Fitzgerald upped their target price on Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp increased their target price on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised their target price on Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.55.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. International Assets Investment Management LLC purchased a new stake in Intuitive Machines during the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Intuitive Machines by 63.2% during 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. CWM LLC increased its stake in shares of Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after acquiring an additional 1,738 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.