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 that occurred on Thursday, December 26th. The stock was sold at an average price of $18.00, for a total value of $17,028.00. Following the transaction, the insider now directly owns 114,390 shares of the company’s stock, valued at approximately $2,059,020. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $12,298.00.

Intuitive Machines Trading Down 3.6 %

NASDAQ:LUNR traded down $0.69 on Friday, hitting $18.39. The company’s stock had a trading volume of 15,109,973 shares, compared to its average volume of 10,507,285. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $19.62. The stock has a fifty day moving average of $11.72 and a two-hundred day moving average of $7.42. The firm has a market capitalization of $2.58 billion, a P/E ratio of -6.26 and a beta of 0.91.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines in the third quarter valued at about $83,000. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the 2nd quarter valued at about $35,000. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines during the third quarter worth approximately $85,000. SG Americas Securities LLC acquired a new stake in Intuitive Machines during the third quarter worth approximately $93,000. Finally, Creative Planning bought a new stake in shares of Intuitive Machines during the third quarter worth approximately $105,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.