Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) saw some unusual options trading on Friday. Investors acquired 101,966 call options on the stock. This represents an increase of 67% compared to the typical volume of 61,231 call options.
Insider Activity
In related news, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were 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 $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at $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 worth $7,262,364 over the last ninety days. Corporate insiders own 73.68% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Tealwood Asset Management Inc. lifted its position in Intuitive Machines by 4.5% in the fourth quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock worth $380,000 after purchasing an additional 900 shares during the period. Invesco Ltd. raised its stake in shares of Intuitive Machines by 8.3% in the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after buying an additional 1,026 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Intuitive Machines by 10.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,187 shares of the company's stock valued at $312,000 after buying an additional 1,566 shares during the period. Quarry LP bought a new position in Intuitive Machines during the fourth quarter valued at about $44,000. Finally, Bank of New York Mellon Corp boosted its stake in Intuitive Machines by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after buying an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on LUNR shares. Canaccord Genuity Group dropped their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday. Cantor Fitzgerald raised 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. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday. Benchmark boosted their price objective on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Roth Mkm cut their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and an average price target of $16.38.
Check Out Our Latest Report on Intuitive Machines
Intuitive Machines Trading Down 4.4 %
LUNR traded down $0.30 on Tuesday, reaching $6.48. The company had a trading volume of 20,132,982 shares, compared to its average volume of 15,710,720. The company has a market capitalization of $909.45 million, a P/E ratio of -2.20 and a beta of 1.01. The company has a fifty day moving average of $18.19 and a 200-day moving average of $12.78. Intuitive Machines has a one year low of $3.15 and a one year high of $24.95.
About Intuitive Machines
(
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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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