FORA Capital LLC Invests $458,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

FORA Capital LLC bought a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 56,842 shares of the company’s stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MetLife Investment Management LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at approximately $138,000. The Manufacturers Life Insurance Company bought a new stake in shares of Intuitive Machines during the third quarter valued at approximately $85,000. Penserra Capital Management LLC grew its stake in Intuitive Machines by 16.5% in the third quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after purchasing an additional 20,916 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Intuitive Machines by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after purchasing an additional 32,015 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in Intuitive Machines during the third quarter valued at $110,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling

In other news, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the sale, the director now directly owns 3,551,606 shares in the company, valued at $21,593,764.48. This represents a 13.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares in the company, valued at $655,650. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,762,371 shares of company stock valued at $38,664,183 over the last 90 days. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Trading Up 2.8 %

Shares of LUNR stock opened at $14.45 on Friday. Intuitive Machines, Inc. has a 52 week low of $2.09 and a 52 week high of $15.72. The company has a 50 day moving average price of $9.35 and a 200-day moving average price of $6.22.

Analysts Set New Price Targets

LUNR has been the topic of a number of recent research reports. Benchmark upped their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald raised their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group boosted their price target on Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Friday, November 15th. B. Riley lifted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $13.10.

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.