Timothy Price Crain II Sells 197,637 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 197,637 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $2,195,000.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timothy Price Crain II also recently made the following trade(s):

• On Thursday, August 15th, Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock. The stock was sold at an average price of $4.02, for a total value of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The stock was sold at an average price of $3.93, for a total value of $292,482.39.
• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The stock was sold at an average price of $4.04, for a total value of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total value of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Trading Down 5.6 %

NASDAQ:LUNR opened at $5.40 on Wednesday. The firm has a market cap of $673.01 million, a PE ratio of 13.17 and a beta of 0.26. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.86. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $13.25.

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, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. Equities analysts forecast that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LUNR. Benchmark reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Monday, September 9th. Roth Mkm lifted their price objective on Intuitive Machines from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, B. Riley began coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price objective for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $9.80.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently bought and sold shares of LUNR. Inscription Capital LLC purchased a new stake in Intuitive Machines during the 1st quarter worth about $304,000. Tealwood Asset Management Inc. purchased a new stake in Intuitive Machines during the 1st quarter worth about $131,000. Sanders Morris Harris LLC purchased a new stake in Intuitive Machines during the 1st quarter worth about $119,000. Deuterium Capital Management LLC purchased a new stake in Intuitive Machines during the 1st quarter worth about $125,000. Finally, Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines during the 1st quarter worth about $67,000. 72.21% of the stock is owned by hedge funds and other 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.