Steven Vontur Sells 946 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the stock in a transaction on Thursday, December 26th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Price Performance

LUNR opened at $18.39 on Friday. The company has a fifty day moving average price of $11.92 and a 200-day moving average price of $7.54. The firm has a market capitalization of $2.58 billion, a P/E 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.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently added to or reduced their stakes in the business. FORA Capital LLC bought a new position in Intuitive Machines in the 3rd quarter worth about $458,000. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines in the second quarter worth approximately $536,000. Stifel Financial Corp purchased a new stake in Intuitive Machines in the third quarter valued at approximately $525,000. Charles Schwab Investment Management Inc. raised its stake in Intuitive Machines by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after purchasing an additional 32,015 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Intuitive Machines in the 2nd quarter worth approximately $35,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a research note on Friday, December 6th. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus 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.