Intuitive Machines, Inc. (NASDAQ:LUNR) Holdings Lifted by Barclays PLC

Barclays PLC increased its position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 275.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,323 shares of the company's stock after buying an additional 27,376 shares during the quarter. Barclays PLC's holdings in Intuitive Machines were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sender Co & Partners Inc. acquired a new stake in shares of Intuitive Machines in the second quarter worth $56,000. Waldron Private Wealth LLC acquired a new position in shares of Intuitive Machines during the third quarter worth about $83,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $85,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at about $93,000. Finally, Creative Planning purchased a new position in Intuitive Machines in the 3rd quarter worth approximately $105,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LUNR shares. Cantor Fitzgerald lifted their price objective 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 upped their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Benchmark lifted 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, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $15.80.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $18.51 on Tuesday. Intuitive Machines, Inc. has a 1-year low of $2.49 and a 1-year high of $22.32. The firm has a fifty day moving average of $15.13 and a two-hundred day moving average of $9.18.

Insiders Place Their Bets

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

Intuitive Machines 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.