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HOUSTON—Steven Vontur, the Chief Accounting Officer and Controller at Intuitive Machines, Inc. (NASDAQ:LUNR), recently executed a notable stock transaction as detailed in a recent SEC filing. On February 11, Vontur sold 4,528 shares of the company’s Class A Common Stock at a price of $19.60 per share, amounting to a total value of $88,748. This transaction was conducted under a pre-arranged Rule 10b5-1 plan, which Vontur adopted on September 12, 2024. The sale comes as InvestingPro data shows LUNR has demonstrated remarkable performance, with a 242% return over the past year and current market capitalization of $3 billion.
Earlier, on February 7, Vontur disposed of 3,443 shares at $18.40 each, totaling $63,351, and acquired 13,587 restricted stock units (RSUs) at no cost. These RSUs are set to vest in four equal annual installments starting February 7, 2026, and do not expire. According to InvestingPro, the stock typically trades with high volatility, which investors should note. Following these transactions, Vontur now holds 104,272 shares of Intuitive Machines. For deeper insights into LUNR’s valuation and 14 additional ProTips, consider accessing the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Intuitive Machines Inc. has seen noteworthy developments. Canaccord Genuity maintained its Buy rating on the company with a $26 target price, factoring in the potential dilution from warrant exercises which could bolster the company’s balance sheet by approximately $253 million. However, BofA Securities initiated coverage with an Underperform rating and a $16 price target, expressing concerns over the company’s current valuation and future revenue growth prospects.
Intuitive Machines also announced its decision to redeem all outstanding warrants unexercised by March 6, 2025, which could yield over $250 million for the company. The redemption is contingent on the company’s Class A Common Stock price exceeding $18.00/share for 20 trading days within a 30-day span.
The company was awarded a $2.5 million contract by NASA for a study intended to enhance lunar logistics and mobility. This contract signifies NASA’s recognition of Intuitive Machines’ contributions to space exploration and infrastructure.
These are recent developments for Intuitive Machines, a company that is playing a significant role in the space exploration industry.
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