Intuitive Machines Target of Unusually Large Options Trading (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 79,143 call options on the company. This represents an increase of 38% compared to the typical volume of 57,328 call options.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Stephen J. Altemus sold 61,432 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $10,020,109. The trade was a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $15.04, for a total transaction of $5,684,713.92. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $52,561,310.72. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,701,785 shares of company stock worth $18,458,666. Corporate insiders own 73.68% of the company's stock.

Institutional Trading of Intuitive Machines

Hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Intuitive Machines by 275.2% in the third quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after buying an additional 27,376 shares in the last quarter. Geode Capital Management LLC grew its holdings in Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after acquiring an additional 222,136 shares during the last quarter. Savoie Capital LLC bought a new stake in Intuitive Machines during the 3rd quarter worth about $112,000. State Street Corp increased its position in Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after acquiring an additional 7,538 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Intuitive Machines in the third quarter worth about $525,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Trading Up 14.6 %

Shares of Intuitive Machines stock traded up $2.43 during mid-day trading on Thursday, reaching $19.08. 28,449,641 shares of the stock were exchanged, compared to its average volume of 10,488,428. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -6.49 and a beta of 0.91. Intuitive Machines has a fifty-two week low of $2.09 and a fifty-two week high of $19.29. The firm has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $7.34.

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.