FORA Capital LLC bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 56,842 shares of the company's stock, valued at approximately $458,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Intuitive Machines in the 2nd quarter worth $536,000. Vanguard Group Inc. raised its stake in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company's stock worth $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Intuitive Machines in the 2nd quarter worth $35,000. XTX Topco Ltd purchased a new position in Intuitive Machines in the 2nd quarter worth $164,000. Finally, Bank of New York Mellon Corp purchased a new position in Intuitive Machines in the 2nd quarter worth $272,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Intuitive Machines Stock Up 13.1 %
Shares of NASDAQ:LUNR traded up $1.90 during trading on Friday, reaching $16.35. 19,850,587 shares of the company's stock traded hands, compared to its average volume of 9,968,074. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $17.14. The firm has a market cap of $2.29 billion, a PE ratio of -5.56 and a beta of 0.35. The company has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $6.29.
Insider Activity
In related news, CEO Stephen J. Altemus sold 138,568 shares of Intuitive Machines stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total value of $1,538,104.80. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,111,200.90. The trade was a 13.20 % 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 Intuitive Machines stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value 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 approximately $4,390,001. The trade was a 52.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,762,371 shares of company stock worth $38,664,183 in the last ninety days. Company insiders own 73.68% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Benchmark lifted their price objective on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 15th. B. Riley lifted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Cantor Fitzgerald lifted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Roth Mkm reiterated a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Canaccord Genuity Group lifted their price objective on Intuitive Machines from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has a consensus rating of "Buy" and a consensus price target of $13.10.
View Our Latest Stock Report on LUNR
Intuitive Machines Profile
(
Free Report)
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.
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