Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) Director Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock in a transaction on Monday, October 21st. The shares were sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Kamal Seyed Ghaffarian also recently made the following trade(s):
- On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13.
- On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The stock was sold at an average price of $8.31, for a total transaction of $8,375,881.68.
- On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The shares were sold at an average price of $6.08, for a total value of $3,469,886.40.
- 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 Price Performance
Shares of NASDAQ LUNR opened at $7.92 on Friday. The stock has a market capitalization of $987.09 million, a P/E ratio of 19.32 and a beta of 0.34. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $13.25. The firm’s 50 day simple moving average is $6.61 and its two-hundred day simple moving average is $5.25.
Analyst Upgrades and Downgrades
LUNR has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. Finally, B. Riley increased their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $10.60.
Get Our Latest Report on Intuitive Machines
Hedge Funds Weigh In On Intuitive Machines
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the second quarter worth approximately $35,000. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines during the second quarter valued at about $56,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Intuitive Machines during the first quarter worth about $67,000. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines in the third quarter worth about $83,000. Finally, SG Americas Securities LLC purchased a new position in Intuitive Machines during the 3rd quarter valued at about $93,000. 72.21% of the stock is currently owned by institutional investors.
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.
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