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

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) insider Steven Vontur sold 946 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00. Following the sale, the insider now directly owns 114,390 shares in the company, valued at $2,059,020. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 %

Shares of LUNR stock traded down $0.69 during trading on Friday, reaching $18.39. 15,109,973 shares of the company's stock were exchanged, compared to its average volume of 10,507,285. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $19.62. The firm's fifty day moving average price is $11.92 and its 200-day moving average price is $7.52. The stock has a market capitalization of $2.58 billion, a PE ratio of -6.26 and a beta of 0.91.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of the stock. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines during the 3rd quarter worth about $83,000. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines in the second quarter valued at approximately $35,000. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines during the third quarter worth approximately $85,000. SG Americas Securities LLC acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $93,000. Finally, Creative Planning bought a new stake in Intuitive Machines in the 3rd quarter valued at $105,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LUNR has been the subject of several recent research reports. Roth Mkm reissued a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark increased their price objective on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 15th. B. Riley boosted their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Cantor Fitzgerald upped their price target 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, Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $14.10.

About Intuitive Machines

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.