SBI Securities Co. Ltd. acquired a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 130,011 shares of the company's stock, valued at approximately $2,361,000. SBI Securities Co. Ltd. owned 0.09% of Intuitive Machines as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Intuitive Machines during the third quarter worth about $85,000. Creative Planning bought a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $105,000. LMR Partners LLP acquired a new stake in shares of Intuitive Machines during the third quarter worth $110,000. Finally, Savoie Capital LLC bought a new position in Intuitive Machines in the third quarter worth about $112,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This trade represents a 4.16 % 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, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 393,659 shares of company stock valued at $7,262,364 over the last 90 days. 73.68% of the stock is currently owned by company insiders.
Intuitive Machines Price Performance
Shares of LUNR stock traded up $0.64 during trading on Wednesday, reaching $14.11. The company had a trading volume of 10,132,238 shares, compared to its average volume of 13,672,434. The company has a market capitalization of $1.98 billion, a PE ratio of -4.80 and a beta of 1.01. The firm's 50 day simple moving average is $19.07 and its two-hundred day simple moving average is $12.63. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95.
Analysts Set New Price Targets
Several equities analysts have recently commented on LUNR shares. Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Benchmark boosted 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 raised their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Bank of America assumed coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.14.
Get Our Latest Stock Report 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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