Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells $12,298.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $13.00, for a total value of $12,298.00. Following the sale, the insider now owns 115,336 shares in the company, valued at approximately $1,499,368. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Intuitive Machines Stock Down 2.8 %

Shares of LUNR traded down $0.37 during mid-day trading on Thursday, reaching $12.78. The company had a trading volume of 13,899,036 shares, compared to its average volume of 10,272,849. The stock has a 50 day moving average of $10.80 and a two-hundred day moving average of $6.98. The stock has a market capitalization of $1.79 billion, a P/E ratio of -4.35 and a beta of 0.93. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $17.14.

Analyst Upgrades and Downgrades

LUNR has been the subject of a number of recent analyst reports. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. B. Riley raised their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Canaccord Genuity Group dropped their price objective on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Buy” and a consensus price target of $14.10.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after buying an additional 222,136 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines during the second quarter worth $272,000. Stifel Financial Corp acquired a new position in Intuitive Machines in the 3rd quarter valued at about $525,000. Finally, FORA Capital LLC purchased a new stake in Intuitive Machines during the 3rd quarter worth approximately $458,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.