Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells $17,028.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00. Following the transaction, the insider now owns 114,390 shares of the company’s stock, valued at approximately $2,059,020. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 Stock Performance

LUNR opened at $18.39 on Monday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 0.93. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $19.62. The business’s fifty day moving average is $11.92 and its two-hundred day moving average is $7.56.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the business. FORA Capital LLC purchased a new position in Intuitive Machines during the 3rd quarter valued at about $458,000. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the second quarter valued at approximately $536,000. Stifel Financial Corp purchased a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $525,000. Charles Schwab Investment Management Inc. raised its position in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after purchasing an additional 32,015 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $35,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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