Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 377,973 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's 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 sale, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The stock was sold at an average price of $7.93, for a total transaction of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total transaction of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded up $1.16 during trading hours on Thursday, reaching $19.32. The stock had a trading volume of 27,707,867 shares, compared to its average volume of 10,540,932. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -6.57 and a beta of 0.93. The firm's 50 day moving average is $12.76 and its 200-day moving average is $7.92. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $21.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LUNR. State Street Corp lifted its holdings in shares of 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 buying an additional 7,538 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines during the 2nd quarter worth $35,000. The Manufacturers Life Insurance Company purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Finally, SG Americas Securities LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at about $93,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on LUNR. Benchmark lifted their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Roth Mkm restated a "buy" rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Cantor Fitzgerald upped their target price on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. B. Riley raised their target price 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. Finally, Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $17.50 and set a "buy" rating on the stock in a research report on Friday, December 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average 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.