Stephen J. Altemus Sells 138,568 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total value of $1,538,104.80. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at approximately $10,111,200.90. This represents a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Intuitive Machines Trading Up 21.4 %

Shares of Intuitive Machines stock opened at $12.42 on Friday. The company has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $5.66. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $14.90. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -13.99 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to analysts’ expectations of $43.00 million. On average, analysts forecast that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several analyst reports. Benchmark increased their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. B. Riley increased their price target 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 restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Canaccord Genuity Group increased their target price on shares of Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday. Finally, Cantor Fitzgerald boosted 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines currently has a consensus rating of “Buy” and an average price target of $13.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in shares of Intuitive Machines during the third quarter worth approximately $83,000. Wedbush Securities Inc. purchased a new position in Intuitive Machines during the 2nd quarter worth $35,000. The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines in the third quarter valued at $85,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines in the third quarter valued at about $93,000. Finally, Creative Planning acquired a new stake in shares of Intuitive Machines during the third quarter worth about $105,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.