Stephen Altemus Sells 86,803 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 86,803 shares of Intuitive Machines stock in a transaction on Friday, February 13th. The shares were sold at an average price of $16.01, for a total value of $1,389,716.03. Following the transaction, the chief executive officer owned 1,176,246 shares in the company, valued at approximately $18,831,698.46. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Intuitive Machines Stock Up 2.6%

Shares of Intuitive Machines stock opened at $16.13 on Friday. The business has a fifty day simple moving average of $17.01 and a 200-day simple moving average of $12.57. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -6.53 and a beta of 1.37.

Key Intuitive Machines News

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

• Neutral Sentiment: Short-interest reports for Feb. 12–13 show 0 shares shorted and a 0.0 days short-interest ratio; filings include nonsensical “NaN” increases, indicating a reporting error or data artifact rather than a genuine change in bearish positioning.
• Negative Sentiment: CEO Stephen J. Altemus sold 86,803 shares at an average price of $16.01 (reducing his stake ~6.87%). This is the largest insider sale disclosed and may be viewed negatively by investors. SEC Filing: Altemus Sale
• Negative Sentiment: CFO Peter McGrath sold 25,541 shares at an average price of $17.44 (a ~5.66% stake reduction), a sizable executive sale that could raise governance or confidence questions for some investors. SEC Filing: McGrath Sale
• Negative Sentiment: SVP Timothy Price Crain II sold 23,226 shares at an average price of $17.44 (a ~6.06% reduction), another insider sale adding to the pattern of executive liquidity taking. SEC Filing: Crain Sale
• Negative Sentiment: Insider Steven Vontur sold 4,343 shares at an average price of $17.44 (a ~3.58% stake reduction), a smaller but similar directional trade by management. SEC Filing: Vontur Sale

Wall Street Analyst Weigh In

LUNR has been the topic of several recent research reports. Stifel Nicolaus set a $20.00 price objective on shares of Intuitive Machines and gave the stock a “hold” rating in a research note on Friday, January 9th. Roth Mkm restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. B. Riley Financial upped their price target on Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.27.

Institutional Trading of Intuitive Machines

Several large investors have recently added to or reduced their stakes in LUNR. Trustees of the University of Pennsylvania purchased a new position in shares of Intuitive Machines during the fourth quarter valued at $52,689,000. First Trust Advisors LP grew its stake in Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after acquiring an additional 2,386,688 shares in the last quarter. Jump Financial LLC increased its holdings in shares of 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 during the period. Geode Capital Management LLC lifted its position in shares of Intuitive Machines by 78.6% in the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after purchasing an additional 1,141,454 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Intuitive Machines by 523.7% in the fourth quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock worth $20,457,000 after purchasing an additional 1,058,376 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

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.