Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 58,828 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 58,828 shares of Intuitive Machines stock in a transaction on Friday, January 16th. The shares were sold at an average price of $20.03, for a total value of $1,178,324.84. Following the completion of the sale, the chief executive officer owned 1,026,402 shares in the company, valued at $20,558,832.06. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Intuitive Machines Trading Down 1.8%

Shares of NASDAQ:LUNR opened at $21.19 on Wednesday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -8.58 and a beta of 1.37. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The business has a 50-day moving average price of $13.68 and a 200 day moving average price of $11.70.

Key Stories Impacting Intuitive Machines

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

• Positive Sentiment: Zacks includes LUNR among three aerospace‑defense stocks to watch as defense spending and global air travel recover, suggesting potential demand and revenue tailwinds for companies in the sector. Zacks: 3 Aerospace-Defense Stocks
• Negative Sentiment: CEO Stephen J. Altemus sold 428,503 shares on Jan. 15 at an average of $20.06 and 58,828 shares on Jan. 16 at $20.03 — roughly 487,331 shares combined, amounting to about $9.8M in proceeds; after the sales he still owns ~1.03M shares. These sizable insider disposals increase near‑term supply and can signal caution to investors. CEO SEC Filing
• Negative Sentiment: SVP Timothy Price Crain II sold 170,185 shares on Jan. 15 at ~$20.06 and 24,155 shares on Jan. 16 at ~$20.04 (≈194,340 shares, ≈$3.9M), reducing his stake to ~298,435 shares. Large executive sales by multiple insiders add to downward pressure and may prompt investor concern. SVP SEC Filing

Institutional Trading of Intuitive Machines

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after purchasing an additional 2,386,688 shares during the period. Jump Financial LLC raised its position in Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Intuitive Machines by 78.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after buying an additional 1,141,454 shares during the period. Voya Investment Management LLC grew its position in shares of Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after buying an additional 954,778 shares in the last quarter. Finally, ARK Investment Management LLC increased its stake in shares of Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after buying an additional 914,458 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LUNR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. B. Riley upped their price target on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a research note on Monday, January 12th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Finally, Bank of America raised their target price on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

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.