Sanders Morris Harris LLC Acquires Shares of 24,700 Intuitive Machines, Inc. (NASDAQ:LUNR)

Sanders Morris Harris LLC acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,700 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 222,136 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $536,000. Bank of New York Mellon Corp purchased a new position in shares of Intuitive Machines during the 2nd quarter worth $272,000. Stifel Financial Corp acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth about $525,000. Finally, FORA Capital LLC purchased a new stake in Intuitive Machines in the 3rd quarter valued at about $458,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 344,893 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the transaction, the director now owns 3,494,768 shares of the company's stock, valued at approximately $28,028,039.36. This trade represents a 8.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen J. Altemus sold 61,432 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total transaction of $675,752.00. Following the sale, the chief executive officer now owns 910,919 shares of the company's stock, valued at approximately $10,020,109. This represents a 6.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,954,713 shares of company stock worth $24,475,385 over the last three months. Insiders own 73.68% of the company's stock.

Analyst Upgrades and Downgrades

LUNR has been the subject of several research reports. Cantor Fitzgerald lifted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, November 15th. B. Riley upped their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Benchmark increased 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. Canaccord Genuity Group boosted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $15.80.

Intuitive Machines Price Performance

Shares of LUNR traded down $0.12 during mid-day trading on Thursday, reaching $19.06. The company's stock had a trading volume of 9,625,231 shares, compared to its average volume of 14,713,920. Intuitive Machines, Inc. has a 12-month low of $2.48 and a 12-month high of $22.32. The stock has a market cap of $2.68 billion, a PE ratio of -6.48 and a beta of 0.90. The company's 50 day moving average is $14.76 and its 200 day moving average is $8.93.

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.