Kamal Seyed Ghaffarian Sells 570,705 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 570,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.08, for a total value of $3,469,886.40. Following the transaction, the director now owns 3,551,606 shares of the company’s stock, valued at approximately $21,593,764.48. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The shares were sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Down 6.7 %

LUNR traded down $0.41 during trading hours on Monday, reaching $5.72. 7,935,749 shares of the company’s stock traded hands, compared to its average volume of 6,721,791. The firm has a 50-day moving average price of $4.50 and a 200 day moving average price of $4.86. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The firm has a market capitalization of $712.90 million, a PE ratio of 13.95 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LUNR has been the subject of several research analyst reports. B. Riley began coverage on Intuitive Machines in a report on Friday, June 28th. They set a “buy” rating and a $8.00 price target for the company. Roth Mkm lifted their target price on Intuitive Machines from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Monday, September 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.80.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 in the last quarter. Wedbush Securities Inc. bought a new stake in Intuitive Machines during the 2nd quarter valued at $35,000. Sanders Morris Harris LLC bought a new stake in Intuitive Machines during the 1st quarter valued at $119,000. Inscription Capital LLC bought a new stake in Intuitive Machines during the 1st quarter valued at $304,000. Finally, Tealwood Asset Management Inc. bought a new stake in Intuitive Machines during the 1st quarter valued at $131,000. 72.21% of the stock is owned by institutional investors.

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.