Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Purchased by State Street Corp

State Street Corp raised its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 576,051 shares of the company’s stock after acquiring an additional 7,538 shares during the quarter. State Street Corp’s holdings in Intuitive Machines were worth $4,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LUNR. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $83,000. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the second quarter worth approximately $35,000. The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines in the third quarter worth approximately $85,000. SG Americas Securities LLC bought a new position in shares of Intuitive Machines in the third quarter valued at $93,000. Finally, Creative Planning acquired a new stake in shares of Intuitive Machines during the 3rd quarter valued at $105,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LUNR shares. B. Riley lifted their target price on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald boosted 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. Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group cut their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $14.10.

Intuitive Machines Price Performance

NASDAQ LUNR opened at $18.39 on Monday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -6.26 and a beta of 0.93. The company has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $7.56. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $19.62.

Insider Buying and Selling at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 61,432 shares of Intuitive Machines stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the completion of the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $10,020,109. This trade represents a 6.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,702,731 shares of company stock worth $18,475,694. 73.68% of the stock is currently owned by company insiders.

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.