Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $23.20, for a total value of $3,292,288.80. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $81,078,617.60. This represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $21.97 on Friday. Intuitive Machines, Inc. has a twelve month low of $6.75 and a twelve month high of $25.00. The stock has a market capitalization of $4.76 billion, a PE ratio of -29.69 and a beta of 1.31. The stock has a 50-day simple moving average of $18.53 and a 200 day simple moving average of $15.11.

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

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently modified their holdings of the stock. Citigroup Inc. grew its stake in shares of Intuitive Machines by 627.6% in the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock valued at $11,026,000 after purchasing an additional 904,065 shares during the period. LBP AM SA grew its stake 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 valued at $2,698,000 after purchasing an additional 119,419 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Intuitive Machines by 36.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock valued at $5,121,000 after purchasing an additional 129,896 shares during the period. Vanguard Group Inc. grew its stake in shares of Intuitive Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after purchasing an additional 717,256 shares during the period. Finally, ARK Investment Management LLC grew its stake in shares of Intuitive Machines by 78.9% in 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 period. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. KeyCorp upped their price target on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Roth Mkm reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Finally, Stifel Nicolaus upped their price target on Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.94.

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.