Intuitive Machines Sees Unusually Large Options Volume (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 94,376 call options on the company. This represents an increase of 59% compared to the average daily volume of 59,505 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group boosted their price target on Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Benchmark raised their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $15.80.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,609,820 shares of company stock worth $21,709,343. 73.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. Waldron Private Wealth LLC bought a new stake in Intuitive Machines in the third quarter worth about $83,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines in the 3rd quarter valued at $85,000. SG Americas Securities LLC bought a new stake in Intuitive Machines during the third quarter valued at $93,000. Creative Planning bought a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $105,000. Finally, LMR Partners LLP purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $110,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $22.45 on Thursday. Intuitive Machines has a one year low of $2.50 and a one year high of $23.45. The company has a market cap of $3.15 billion, a P/E ratio of -7.64 and a beta of 0.90. The firm has a 50-day moving average of $15.53 and a 200-day moving average of $9.42.

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.