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Anna Chiara Jones, General Counsel and Corporate Secretary at Intuitive Machines, Inc. (NASDAQ:LUNR), recently sold shares of the company. The stock, currently trading at $7.79, has experienced significant volatility this year with a -57.43% YTD return. According to a filing with the Securities and Exchange Commission, Jones sold a total of 23,974 shares over two transactions on April 14 and April 15, 2025. The shares were sold at prices ranging from $7.71 to $8.00, amounting to a total of $189,049. InvestingPro analysis shows analyst price targets ranging from $12 to $21, suggesting potential upside from current levels.
These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which Jones adopted on December 13, 2024. Following these sales, Jones now holds 196,548 shares of Intuitive Machines. InvestingPro data reveals the company’s overall financial health score is currently rated as Weak, with 8 additional key insights available to subscribers.
In other recent news, Intuitive Machines Inc. reported significant developments across its operations. Cantor Fitzgerald maintained an Overweight rating and a $13 price target on the company, emphasizing confidence in its revenue streams from space contracts, such as OMES, NSN, and LTV, despite setbacks in its lunar missions. Analysts project that Intuitive Machines will secure over 90% of the revenue from its upcoming IM-2 Mission, highlighting the company’s robust contract-based revenue model. Intuitive Machines also announced a collaboration with SpaceX for its fourth lunar delivery mission, scheduled for 2027, which will launch two lunar data relay satellites to support NASA’s Near Space Network Services contract. This partnership with SpaceX aims to expand the company’s role in space exploration and infrastructure, with plans to introduce a pay-by-the-minute service for lunar data relay. Additionally, Intuitive Machines confirmed its sole awardee status for the NSN contract, potentially worth $4.82 billion, and reported a contracted backlog of approximately $316.2 million. The company is also planning its third lunar mission for 2026 and considering merger and acquisition opportunities, supported by a growing cash position of $207.6 million. Meanwhile, a proposed budget cut to NASA’s fiscal-year 2026 funding has raised concerns about potential impacts on space-related companies, including Intuitive Machines, as it may affect future contracts and opportunities.
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