Steven Vontur Sells 9,266 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) insider Steven Vontur sold 9,266 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares of the company's stock, valued at $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Vontur also recently made the following trade(s):

• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $13.00, for a total transaction of $12,298.00.

Intuitive Machines Trading Down 5.1 %

NASDAQ:LUNR traded down $0.99 during midday trading on Friday, hitting $18.40. 11,630,130 shares of the company traded hands, compared to its average volume of 12,584,175. The firm has a market capitalization of $2.58 billion, a P/E ratio of -6.26 and a beta of 0.92. The firm's fifty day moving average is $17.57 and its 200-day moving average is $10.89. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. Geode Capital Management LLC raised its position in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after purchasing an additional 222,136 shares during the period. State Street Corp raised its holdings in shares of Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after buying an additional 7,538 shares during the period. Van ECK Associates Corp bought a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $3,403,000. Squarepoint Ops LLC purchased a new position in Intuitive Machines during the 2nd quarter valued at $536,000. Finally, Penserra Capital Management LLC grew its position in Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company's stock valued at $1,190,000 after acquiring an additional 20,916 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cantor Fitzgerald increased their price objective 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. Benchmark increased their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $17.50 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Bank of America began coverage on Intuitive Machines in a research report on Wednesday. They set an "underperform" rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of "Moderate Buy" and an average target price of $15.83.

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.