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 the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.00, for a total transaction of $675,752.00. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,020,109. The trade was a 6.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intuitive Machines Trading Up 21.4 %

Shares of NASDAQ:LUNR opened at $12.42 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -13.99 and a beta of 0.35. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $14.90. The firm’s 50-day moving average is $7.87 and its 200 day moving average is $5.66.

Intuitive Machines (NASDAQ:LUNR) last issued 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 the consensus estimate of $43.00 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in LUNR. Vanguard Group Inc. grew its holdings in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the last quarter. Squarepoint Ops LLC bought a new position in Intuitive Machines in the 2nd quarter worth about $536,000. Bank of New York Mellon Corp bought a new position in Intuitive Machines in the 2nd quarter worth about $272,000. Stifel Financial Corp bought a new position in Intuitive Machines in the 3rd quarter worth about $525,000. Finally, FORA Capital LLC bought a new position in Intuitive Machines in the 3rd quarter worth about $458,000. 72.21% of the stock is currently 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.