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Peter McGrath, Senior Vice President and Chief Financial Officer of Intuitive Machines, Inc. (NASDAQ:LUNR), recently sold shares of the company as disclosed in a Form 4 filing with the Securities and Exchange Commission. On April 15, McGrath sold 37,906 shares of Class A Common Stock at an average price of $7.71 per share, totaling approximately $292,255. This transaction was executed under a Rule 10b5-1 trading plan, which had been adopted by McGrath in December 2024. The sale comes as LUNR shares trade near their InvestingPro Fair Value, with the stock showing high volatility and a significant 57% decline year-to-date.
Following this sale, McGrath retains direct ownership of 438,992 shares in the company. The transaction reflects a continuation of McGrath’s strategic financial management as Intuitive Machines continues its operations in the aerospace sector. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.97 and holds more cash than debt on its balance sheet. Investors can access 8 additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research report.
In other recent news, Intuitive Machines Inc. has been the focus of several significant developments. Cantor Fitzgerald has maintained an Overweight rating on the company, setting a price target of $13.00, despite a setback with its lunar lander, Athena, which landed off-target on the moon’s south pole. Analysts from Cantor Fitzgerald emphasize that Intuitive Machines’ primary revenue streams are not heavily reliant on its launch missions but are instead supported by contracts such as OMES, NSN, and LTV. Additionally, the company is expected to secure over 90% of the revenue from its upcoming IM-2 Mission.
In a separate development, Intuitive Machines announced a collaboration with SpaceX’s Falcon 9 rocket for its fourth lunar delivery mission, scheduled for 2027, which will support NASA’s Near Space Network Services contract. This mission will launch two lunar data relay satellites, further expanding the company’s role in space exploration. The company has also confirmed its position as the sole awardee of the NSN contract, potentially valued at $4.82 billion, with initial revenue recognition expected through 2027.
Furthermore, the proposed budget cuts to NASA’s Science Mission Directorate have raised concerns about potential impacts on companies like Intuitive Machines that contract with NASA. Despite these challenges, Intuitive Machines continues to focus on its strategic initiatives, including its third lunar mission planned for 2026 and potential merger and acquisition opportunities, supported by a growing cash position of $207.6 million.
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