Geode Capital Management LLC Has $7.51 Million Stock Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 31.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 933,272 shares of the company's stock after acquiring an additional 222,136 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of Intuitive Machines worth $7,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FORA Capital LLC bought a new position in shares of Intuitive Machines in the third quarter valued at approximately $458,000. Squarepoint Ops LLC acquired a new position in Intuitive Machines in the second quarter worth $536,000. Stifel Financial Corp bought a new stake in Intuitive Machines during the 3rd quarter worth about $525,000. Charles Schwab Investment Management Inc. raised its stake in shares of Intuitive Machines by 44.6% in the third 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 during the last quarter. Finally, Wedbush Securities Inc. bought a new position in Intuitive Machines in the 2nd quarter worth approximately $35,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Intuitive Machines news, CEO Stephen J. Altemus sold 138,568 shares of the 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 completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,111,200.90. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 344,893 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $8.02, for a total value of $2,766,041.86. Following the transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $28,028,039.36. This represents a 8.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,080,704 shares of company stock valued at $25,411,498 over the last 90 days. 73.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on LUNR. Benchmark lifted their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. B. Riley boosted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Roth Mkm restated a "buy" rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Canaccord Genuity Group lowered their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a "buy" rating for the company in a report on Friday, December 6th. Finally, Cantor Fitzgerald increased their price target on Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $14.10.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded up $2.57 during midday trading on Friday, reaching $21.89. 22,160,277 shares of the stock were exchanged, compared to its average volume of 24,956,389. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $22.12. The business has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $8.05. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -7.45 and a beta of 0.93.

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.