Stephen J. Altemus Sells 61,432 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 61,432 shares of Intuitive Machines stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $10,020,109. This trade represents a 6.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Intuitive Machines Trading Down 13.0 %

NASDAQ:LUNR opened at $10.23 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of -12.73 and a beta of 0.35. The firm’s 50 day moving average is $7.77 and its 200 day moving average is $5.63. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $14.90.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. Research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of analyst reports. B. Riley lifted their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Finally, Roth Mkm reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $10.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. FORA Capital LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at $458,000. MetLife Investment Management LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at $138,000. The Manufacturers Life Insurance Company purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at $85,000. Penserra Capital Management LLC grew its position in shares of Intuitive Machines by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock valued at $1,190,000 after purchasing an additional 20,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after purchasing an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other 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.