Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells 946 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.00, for a total value of $17,028.00. Following the completion of the transaction, the insider now owns 114,390 shares of the company’s stock, valued at $2,059,020. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Steven Vontur also recently made the following trade(s):

• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Trading Down 3.6 %

Intuitive Machines stock opened at $18.39 on Friday. The firm has a market cap of $2.58 billion, a P/E ratio of -6.26 and a beta of 0.93. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $19.62. The firm has a 50-day moving average of $11.92 and a 200-day moving average of $7.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines during the second quarter valued at approximately $35,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines in the second quarter valued at $56,000. Waldron Private Wealth LLC purchased a new position in Intuitive Machines during the 3rd quarter valued at $83,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines in the 3rd quarter worth $85,000. Finally, SG Americas Securities LLC bought a new position in Intuitive Machines in the 3rd quarter worth $93,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

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

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.