Intuitive Machines, Inc. $LUNR Shares Purchased by ARK Investment Management LLC

ARK Investment Management LLC grew its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 78.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,073,233 shares of the company’s stock after purchasing an additional 914,458 shares during the period. ARK Investment Management LLC owned 1.16% of Intuitive Machines worth $21,810,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in shares of Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after buying an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $94,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $109,000. Finally, Axim Planning & Wealth acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth approximately $113,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Stock Up 2.3%

LUNR stock opened at $18.62 on Thursday. The company has a 50-day simple moving average of $18.23 and a 200 day simple moving average of $13.22. The company has a market capitalization of $3.36 billion, a P/E ratio of -7.54 and a beta of 1.40. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 4,343 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $75,741.92. Following the transaction, the insider owned 117,047 shares in the company, valued at $2,041,299.68. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Mcgrath sold 25,541 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $445,435.04. Following the completion of the sale, the chief financial officer owned 425,800 shares of the company’s stock, valued at $7,425,952. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,689,913 shares of company stock valued at $62,240,781. 39.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Bank of America boosted their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a report on Wednesday, November 19th. Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $20.00 price objective on shares of Intuitive Machines and gave the company a “hold” rating in a research report on Friday, January 9th. Finally, B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.27.

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.