Waldron Private Wealth LLC Buys Shares of 10,305 Intuitive Machines, Inc. (NASDAQ:LUNR)

Waldron Private Wealth LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,305 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds have also made changes to their positions in the stock. Deuterium Capital Management LLC acquired a new stake in Intuitive Machines in the first quarter worth $125,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines in the 1st quarter valued at about $67,000. Vanguard Group Inc. boosted its stake 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 during the period. Sanders Morris Harris LLC grew its position in Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Machines in the second quarter valued at approximately $272,000. Institutional investors own 72.21% of the company’s stock.

Insider Transactions at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 440,288 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.03, for a total transaction of $2,654,936.64. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $5,492,841.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Stephen J. Altemus sold 440,288 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.03, for a total transaction of $2,654,936.64. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $5,492,841.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the stock in a transaction 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 completion of the transaction, the director now owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,115,621 shares of company stock valued at $30,427,371 in the last quarter. Insiders own 73.68% of the company’s stock.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $8.07 on Thursday. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $13.25. The business’s fifty day moving average is $6.61 and its 200-day moving average is $5.25. The stock has a market cap of $1.01 billion, a PE ratio of 19.68 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. Equities research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LUNR shares. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Monday, September 30th. B. Riley lifted their price objective 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. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines has an average rating of “Buy” and an average target price of $10.60.

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.