Steven Vontur Sells 946 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $18.00, for a total value of $17,028.00. Following the completion of the transaction, the insider now owns 114,390 shares of the company’s stock, valued at $2,059,020. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Stock Down 3.6 %

LUNR opened at $18.39 on Monday. The company has a 50 day moving average of $11.92 and a two-hundred day moving average of $7.56. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $19.62. The company has a market cap of $2.58 billion, a P/E ratio of -6.26 and a beta of 0.93.

Institutional Trading of Intuitive Machines

Large investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines in the third quarter worth about $83,000. Wedbush Securities Inc. purchased a new position in Intuitive Machines in the 2nd quarter worth approximately $35,000. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $85,000. SG Americas Securities LLC acquired a new stake in Intuitive Machines in the third quarter valued at approximately $93,000. Finally, Creative Planning purchased a new stake in shares of Intuitive Machines during the third quarter valued at approximately $105,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on LUNR. Canaccord Genuity Group lowered their price target on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a report on Friday, December 6th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley boosted their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Benchmark increased their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.10.

Intuitive Machines Company Profile

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.