Barclays PLC Raises Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

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

Other institutional investors have also added to or reduced their stakes in the company. FORA Capital LLC purchased a new position in shares of Intuitive Machines during the third quarter valued at about $458,000. Squarepoint Ops LLC bought a new stake in Intuitive Machines in the 2nd quarter worth approximately $536,000. Stifel Financial Corp purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth approximately $525,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock worth $836,000 after acquiring an additional 32,015 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the second quarter valued at $35,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Stock Down 0.6 %

Intuitive Machines stock traded down $0.13 during midday trading on Monday, reaching $21.76. The stock had a trading volume of 15,010,763 shares, compared to its average volume of 21,656,539. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -7.40 and a beta of 0.90. Intuitive Machines, Inc. has a 52-week low of $2.17 and a 52-week high of $22.32. The company has a fifty day moving average of $13.04 and a 200 day moving average of $8.11.

Insider Activity

In related news, SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction dated 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 sale, the senior vice president now owns 362,810 shares in the company, valued at $4,390,001. This trade represents a 52.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,954,713 shares of company stock valued at $24,475,385. 73.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LUNR shares. Cantor Fitzgerald upped 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. Benchmark upped their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Roth Mkm reiterated a "buy" rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group lowered their price objective on Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a research note on Friday, December 6th. Five investment 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 a consensus 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.