Kamal Seyed Ghaffarian Sells 377,973 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The stock was sold at an average price of $8.03, for a total value of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13.

Intuitive Machines Stock Up 6.4 %

Shares of LUNR stock traded up $1.16 during mid-day trading on Thursday, reaching $19.32. The stock had a trading volume of 27,707,867 shares, compared to its average volume of 10,540,932. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $21.00. The firm has a market cap of $2.71 billion, a PE ratio of -6.57 and a beta of 0.93. The firm’s 50 day simple moving average is $12.76 and its 200 day simple moving average is $7.92.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of recent analyst reports. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Canaccord Genuity Group lowered their price objective on shares of 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, According to data from MarketBeat, Intuitive Machines currently has an average rating of “Buy” and a consensus price target of $14.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LUNR. Wedbush Securities Inc. bought a new position in Intuitive Machines during the second quarter worth about $35,000. Sender Co & Partners Inc. acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $56,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $83,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter valued at $85,000. Finally, SG Americas Securities LLC acquired a new position in Intuitive Machines during the third quarter worth $93,000. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

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.