Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report)’s stock price was down 8% during mid-day trading on Thursday . The company traded as low as $6.26 and last traded at $6.33. 2,832,191 shares changed hands during trading, a decline of 71% from the average daily volume of 9,753,712 shares. The stock had previously closed at $6.88.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on LUNR shares. Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Friday, March 15th. Cantor Fitzgerald decreased their target price on Intuitive Machines from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, March 22nd.
Get Our Latest Stock Analysis on Intuitive Machines
Intuitive Machines Stock Performance
Insider Transactions at Intuitive Machines
In related news, major shareholder Guy Shanon sold 123,717 shares of Intuitive Machines stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $8.99, for a total transaction of $1,112,215.83. Following the completion of the sale, the insider now directly owns 1,302,673 shares of the company’s stock, valued at approximately $11,711,030.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 78.93% of the stock is owned by insiders.
Hedge Funds Weigh In On Intuitive Machines
Large investors have recently bought and sold shares of the company. Hemington Wealth Management acquired a new position in Intuitive Machines in the fourth quarter valued at approximately $26,000. Cypress Financial Planning LLC bought a new position in Intuitive Machines in the third quarter worth approximately $39,000. State Street Corp acquired a new position in shares of Intuitive Machines during the second quarter worth approximately $111,000. Charles Schwab Investment Management Inc. bought a new position in shares of Intuitive Machines in the 2nd quarter worth $242,000. Finally, Virtu Financial LLC acquired a new position in Intuitive Machines during the fourth quarter worth $81,000. 72.21% of the stock is currently owned by institutional investors.
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 µNova, a lunar rocket-fueled drone, lunar surface rover services, fixed lunar surface services, rideshare delivery services, lunar access services, lunar orbit delivery services, and lunar data network services, as well as content sales and marketing.
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