Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells 4,528 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Vontur also recently made the following trade(s):

• On Friday, January 31st, Steven Vontur sold 9,266 shares of Intuitive Machines stock. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00.
• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $13.00, for a total transaction of $12,298.00.

Intuitive Machines Stock Up 2.2 %

LUNR stock opened at $19.16 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of -6.52 and a beta of 0.92. The company has a 50-day simple moving average of $17.88 and a 200 day simple moving average of $11.24. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently bought and sold shares of LUNR. SG Americas Securities LLC acquired a new stake in Intuitive Machines in the third quarter worth about $93,000. Creative Planning acquired a new stake in Intuitive Machines in the third quarter worth about $105,000. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at about $83,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Intuitive Machines in the 3rd quarter valued at about $189,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Intuitive Machines in the 3rd quarter valued at about $121,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

LUNR has been the subject of several recent research reports. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, Intuitive Machines currently has an average rating of “Moderate Buy” and an average price target of $15.83.

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.