Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 1,958,593 Shares

by · The Markets Daily

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) CEO Stephen Altemus sold 1,958,593 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $15.77, for a total value of $30,887,011.61. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $16.51 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of -6.68 and a beta of 1.44. The business has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $10.63. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. KeyCorp began coverage on Intuitive Machines in a research report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. B. Riley boosted their price objective on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.25.

View Our Latest Analysis on LUNR

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Charles Schwab Investment Management Inc. boosted its position in shares of Intuitive Machines by 27.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock worth $1,045,000 after buying an additional 30,447 shares during the period. Swiss National Bank purchased a new stake in Intuitive Machines in the 1st quarter worth about $1,203,000. ARK Investment Management LLC boosted its position in Intuitive Machines by 56.1% during the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after acquiring an additional 416,337 shares during the period. Jump Financial LLC purchased a new position in Intuitive Machines during the 1st quarter valued at about $1,900,000. Finally, Ensign Peak Advisors Inc purchased a new position in Intuitive Machines during the 2nd quarter valued at about $373,000. 72.21% of the stock is owned by institutional investors and hedge funds.

More Intuitive Machines News

Here are the key news stories impacting Intuitive Machines this week:

  • Positive Sentiment: B. Riley Securities reiterated a Buy on LUNR, which supports investor confidence and could cushion downside from the insider sales. B. Riley Maintains Buy
  • Neutral Sentiment: Trading context: volume spiked to ~17.1M shares vs. an average ~9.48M, showing strong market interest; 50‑day SMA ~$11 and 200‑day SMA ~$10.63 indicate the shares are trading above key technical levels, which could limit longer‑term downside.
  • Negative Sentiment: CEO Stephen J. Altemus sold a total of 2,000,000 shares in two trades (Dec. 19 & 22), raising roughly $31.51M and cutting his stake to 1,026,402 shares (a ~65.6% reduction). Large CEO sales often prompt negative sentiment and can pressure the stock. CEO SEC Filing
  • Negative Sentiment: SVP Timothy Price Crain II sold 350,000 shares across two trades (Dec. 19 & 22) for about $5.34M, leaving him with 298,435 shares. Significant insider liquidations by multiple senior executives amplify negative interpretation. SVP SEC Filing

About Intuitive Machines

(Get Free Report)

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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