Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 47.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,001 shares of the company’s stock after selling 31,265 shares during the period. Stifel Financial Corp’s holdings in Intuitive Machines were worth $617,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LUNR. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after buying an additional 1,017,706 shares during the period. Renaissance Technologies LLC increased its stake in Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after acquiring an additional 609,118 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Intuitive Machines in the fourth quarter valued at $5,600,000. Headlands Technologies LLC lifted its stake in shares of Intuitive Machines by 161,529.8% in the 4th quarter. Headlands Technologies LLC now owns 244,061 shares of the company’s stock valued at $4,432,000 after purchasing an additional 243,910 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Intuitive Machines by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after purchasing an additional 191,733 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $9.24 on Monday. The firm has a market capitalization of $1.65 billion, a PE ratio of -3.14 and a beta of 1.32. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The firm’s 50-day moving average is $8.13 and its two-hundred day moving average is $13.07.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $72.58 million. Analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LUNR shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Bank of America initiated coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Cantor Fitzgerald decreased their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, March 25th. B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Roth Capital set a $20.00 target price on Intuitive Machines in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now owns 104,272 shares of the company’s stock, valued at $2,043,731.20. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now directly owns 438,992 shares in the company, valued at approximately $3,384,628.32. This trade represents a 7.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 73.68% of the company’s stock.

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.