Hennion & Walsh Asset Management Inc. boosted its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 144.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,463 shares of the company's stock after buying an additional 33,939 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Intuitive Machines were worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of LUNR. Sender Co & Partners Inc. purchased a new stake in Intuitive Machines in the second quarter worth about $56,000. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $83,000. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $85,000. SG Americas Securities LLC purchased a new position in Intuitive Machines during the third quarter valued at approximately $93,000. Finally, Creative Planning purchased a new position in Intuitive Machines during the third quarter valued at approximately $105,000. Institutional investors own 72.21% of the company's stock.
Insider Buying and Selling
In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the 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 sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen J. Altemus sold 61,432 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the transaction, the chief executive officer now owns 910,919 shares in the company, valued at $10,020,109. The trade was a 6.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,609,820 shares of company stock worth $21,709,343 in the last 90 days. Insiders own 73.68% of the company's stock.
Intuitive Machines Trading Down 2.9 %
LUNR traded down $0.55 during trading on Monday, hitting $18.51. The company's stock had a trading volume of 9,838,860 shares, compared to its average volume of 15,072,917. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -6.30 and a beta of 0.90. The business's fifty day simple moving average is $15.13 and its 200 day simple moving average is $9.18. Intuitive Machines, Inc. has a twelve month low of $2.49 and a twelve month high of $22.32.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on LUNR shares. Canaccord Genuity Group boosted their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Benchmark raised their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines presently has a consensus rating of "Buy" and a consensus price target of $15.80.
Read Our Latest Stock Report on Intuitive Machines
About Intuitive Machines
(
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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