Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus Sells 138,568 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total value of $1,538,104.80. Following the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $10,111,200.90. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intuitive Machines Stock Up 12.2 %

Shares of NASDAQ LUNR traded up $1.25 during trading hours on Friday, hitting $11.48. 7,860,305 shares of the stock were exchanged, compared to its average volume of 9,346,695. The firm has a fifty day moving average price of $7.77 and a 200-day moving average price of $5.63. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $14.90. The company has a market cap of $1.48 billion, a PE ratio of -13.55 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LUNR. B. Riley raised their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald raised their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday. Roth Mkm restated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $13.10.

Hedge Funds Weigh In On Intuitive Machines

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