Intuitive Machines (NASDAQ:LUNR) Stock Price Down 6.7% After Insider Selling

Intuitive Machines, Inc. (NASDAQ:LUNR) shares dropped 6.7% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $18.82 and last traded at $18.9490. Approximately 3,587,610 shares changed hands during trading, a decline of 67% from the average daily volume of 10,974,862 shares. The stock had previously closed at $20.31.

Specifically, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the transaction, the senior vice president owned 359,726 shares in the company, valued at approximately $6,313,191.30. The trade was a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. Canaccord Genuity Group upped their price target on Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a report on Friday, March 20th. Stifel Nicolaus raised their price objective on Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Finally, KeyCorp upped 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. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.94.

Key Intuitive Machines News

Here are the key news stories impacting Intuitive Machines this week:

• Positive Sentiment: NASA awarded Intuitive Machines a $180.4M CLPS lunar payload contract to deliver seven science/tech payloads (includes an Australian rover and Honeybee Robotics tech), validating the company’s lunar delivery and surface-operations capabilities. Article Title Read More.
• Positive Sentiment: Analysts have been lifting price targets recently (multiple updates raising targets into the low-mid $20s), which supports upside expectations and may bolster buy-side interest. Article Title
• Positive Sentiment: Institutional accumulation and favorable analyst coverage (several Buy/Overweight ratings and increased ownership from firms like Vanguard and ARK cited in reporting) provide longer-term demand support. Article Title
• Neutral Sentiment: Multiple short-interest notices show zero or NaN figures and 0.0 days-to-cover — this appears to be a data irregularity and is unlikely to be a meaningful market driver until confirmed by reliable filings.
• Negative Sentiment: A senior vice president disclosed the sale of 150,000 shares (filing shows several recent insider sales), which markets sometimes interpret as a negative signal or liquidity event. SEC Filing
• Negative Sentiment: Sector-level caution: some analysts and commentary warn of potential downside for select high-flying space stocks, which can increase volatility and risk-premium for names like LUNR. Article Title

Intuitive Machines Price Performance

The stock has a market cap of $3.23 billion, a P/E ratio of -24.22 and a beta of 1.40. The business’s 50 day simple moving average is $18.43 and its 200 day simple moving average is $14.18.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Research analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Intuitive Machines

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its stake in Intuitive Machines by 627.6% during the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock worth $11,026,000 after acquiring an additional 904,065 shares in the last quarter. LBP AM SA grew its holdings in shares of Intuitive Machines by 87.2% in the 3rd quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after purchasing an additional 119,419 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Intuitive Machines by 36.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock worth $5,121,000 after purchasing an additional 129,896 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Intuitive Machines by 13.3% during the 3rd 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. Finally, ARK Investment Management LLC lifted its holdings in Intuitive Machines by 78.9% during the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock valued at $21,810,000 after purchasing an additional 914,458 shares during 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.