Intuitive machines (LUNR) director sells $970k in shares

Published 16/07/2025, 00:58
Intuitive machines (LUNR) director sells $970k in shares

Director Kamal Seyed Ghaffarian, along with related entities, reported selling 80,508 shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Class A Common Stock on July 11, 2025. The shares were sold at a price of $12.0494, totaling $970073. The transaction comes as LUNR, currently valued at $1.98 billion, trades at $11.08 per share. According to InvestingPro analysis, the stock has shown strong momentum with a 156% return over the past year, despite a 42% decline in the last six months.

The sales were executed at prices ranging from $12.00 to $12.16. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 18, 2024, by Ghaffarian Enterprises, LLC. InvestingPro data shows the company maintains a ’Fair’ overall financial health score, with notably strong liquidity as current assets exceed short-term obligations by a ratio of 4.39.

Additionally, on the same day, 80,508 Common Units were converted into Class A Common Stock. Discover more insights about LUNR and access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

In other recent news, Intuitive Machines Inc. reported its first-quarter 2025 financial results, highlighting a significant 14% increase in revenue from the previous quarter, reaching $62.5 million. Despite an adjusted EBITDA loss of $6.6 million, this represented a 41.2% improvement from the prior quarter. The company also achieved positive free cash flow for the first time, totaling $13.3 million, and maintained a gross profit of $6.7 million, translating to approximately 11% gross margins. Analysts at Canaccord Genuity raised their price target for Intuitive Machines from $21.00 to $21.50, maintaining a Buy rating, while Cantor Fitzgerald increased their target from $13.00 to $16.00, citing the company’s strong position in the expanding space economy.

Intuitive Machines anticipates recognizing more than half of the potential $14 million in IM-2 mission success payments by June 30th. The company is also on track to conduct its third lunar mission in the second quarter of 2026, with a fourth mission planned for 2027. Recent contract achievements include Orbital Transfer Vehicles and re-entry vehicle contracts, contributing to the company’s substantial cash reserves of approximately $373 million. Intuitive Machines has been recognized for its strategic shift towards higher-margin service contracts, with advancements in key programs such as the Commercial Lunar Payload Services and Lunar Terrain Vehicle Services. These developments reflect the company’s ongoing efforts to strengthen its market position and capitalize on opportunities in the space industry.

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