Kamal Seyed Ghaffarian Sells 377,973 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The stock was sold at an average price of $8.03, for a total value of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The stock was sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total transaction of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total value of $936,113.13.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $21.89 on Friday. The stock’s fifty day moving average price is $13.04 and its two-hundred day moving average price is $8.05. The firm has a market cap of $3.07 billion, a PE ratio of -7.45 and a beta of 0.93. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $22.12.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Intuitive Machines during the second quarter worth about $272,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at approximately $119,000. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines during the 2nd quarter worth approximately $35,000. XTX Topco Ltd acquired a new stake in shares of Intuitive Machines during the 2nd quarter worth approximately $164,000. Finally, Squarepoint Ops LLC bought a new position in Intuitive Machines in the second quarter valued at approximately $536,000. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LUNR shares. 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 note on Friday, November 15th. Benchmark increased their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. B. Riley boosted their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Canaccord Genuity Group lowered their price objective 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 set a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has an average rating of “Buy” and a consensus price target of $14.10.

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.