Steven Vontur Sells 4,528 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 31st, Steven Vontur sold 9,266 shares of Intuitive Machines stock. The stock was sold at an average price of $22.50, for a total value of $208,485.00.
• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $18.00, for a total value 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 value of $12,298.00.

Intuitive Machines Stock Up 3.4 %

NASDAQ LUNR opened at $18.75 on Thursday. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95. The company has a 50 day moving average price of $17.76 and a 200 day moving average price of $11.19. The firm has a market cap of $2.63 billion, a PE ratio of -6.38 and a beta of 0.92.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter valued at $93,000. Creative Planning purchased a new stake in Intuitive Machines in the third quarter valued at about $105,000. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines in the third quarter valued at about $83,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Intuitive Machines in the third quarter worth about $189,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Intuitive Machines during the third quarter worth about $121,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LUNR. Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald lifted 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. Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company. Finally, Canaccord Genuity Group increased their target price on Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.