Intuitive Machines (NASDAQ:LUNR) Trading Down 6.6% on Insider Selling

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report)'s stock price was down 6.6% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $18.47 and last traded at $18.61. Approximately 5,703,119 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 13,798,712 shares. The stock had previously closed at $19.93.

Specifically, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the sale, the insider now owns 104,272 shares of the company's stock, valued at $2,043,731.20. The trade was a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Benchmark boosted their price objective 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. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective for the company. Finally, Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.83.

Intuitive Machines Trading Up 2.4 %

The business's 50 day moving average is $18.02 and its two-hundred day moving average is $11.30. The company has a market cap of $2.75 billion, a PE ratio of -6.67 and a beta of 0.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Monashee Investment Management LLC purchased a new stake in Intuitive Machines in the 4th quarter worth $4,268,000. Northern Trust Corp lifted its stake in Intuitive Machines by 24.5% in the 4th quarter. Northern Trust Corp now owns 338,836 shares of the company's stock worth $6,153,000 after purchasing an additional 66,581 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Intuitive Machines by 221.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 63,764 shares of the company's stock worth $1,158,000 after purchasing an additional 43,920 shares in the last quarter. Quarry LP purchased a new stake in Intuitive Machines in the 4th quarter worth $44,000. Finally, Oxford Asset Management LLP purchased a new stake in Intuitive Machines in the 4th quarter worth $503,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.