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 Intuitive Machines stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $28.16, for a total value of $3,996,157.44. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $98,412,666.88. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $23.20, for a total value of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Price Performance

LUNR stock opened at $27.56 on Friday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -37.24 and a beta of 1.31. The business’s fifty day moving average price is $20.27 and its two-hundred day moving average price is $16.21. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $31.15.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Research analysts expect that Intuitive Machines, Inc. will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC boosted its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares in the last quarter. CWM LLC increased its stake in Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Intuitive Machines by 144.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after purchasing an additional 1,738 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, March 20th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft increased their price target on Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Roth Mkm raised their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.45.

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.