Oppenheimer & Co. Inc. purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 90,150 shares of the company's stock, valued at approximately $1,637,000. Oppenheimer & Co. Inc. owned approximately 0.06% of Intuitive Machines at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines in the third quarter valued at about $85,000. Creative Planning bought a new stake in shares of Intuitive Machines during the 3rd quarter valued at $105,000. LMR Partners LLP purchased a new stake in shares of Intuitive Machines in the 3rd quarter worth $110,000. Savoie Capital LLC bought a new position in Intuitive Machines in the 3rd quarter worth $112,000. Finally, AlphaCentric Advisors LLC purchased a new position in Intuitive Machines during the third quarter valued at $121,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Intuitive Machines
In related news, insider Steven Vontur sold 9,266 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares of the company's stock, valued at approximately $2,219,760. This represents a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 393,659 shares of company stock valued at $7,262,364 in the last 90 days. Insiders own 73.68% of the company's stock.
Intuitive Machines Price Performance
Shares of LUNR stock traded down $2.49 during mid-day trading on Friday, hitting $8.77. The company had a trading volume of 51,690,247 shares, compared to its average volume of 15,386,396. The company has a market capitalization of $1.23 billion, a P/E ratio of -2.98 and a beta of 1.01. The stock's 50 day moving average price is $18.86 and its 200-day moving average price is $12.63. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Canaccord Genuity Group reduced their price target on Intuitive Machines from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price for the company. Benchmark upped 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. Bank of America started 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 on the stock. Finally, Cantor Fitzgerald upped their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of "Moderate Buy" and a consensus price target of $15.57.
Check Out Our Latest Stock Analysis on LUNR
About Intuitive Machines
(
Free Report)
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.
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