On September 13, 2024, Stephen Altemus, CEO and 10% Owner of Intuitive Machines Inc (LUNR, Financial), sold 746,744 shares of the company. Following this transaction, the insider now directly owns 910,919 shares in the company, as detailed in the SEC Filing.
Intuitive Machines Inc, headquartered in Houston, Texas, is a leading provider of space services and technologies. The company specializes in lunar landing and orbital services, offering innovative solutions to government and commercial customers in the space industry.
Over the past year, Stephen Altemus has sold a total of 2,250,000 shares of Intuitive Machines Inc and has not made any purchases of the stock. The insider transaction history for the company shows a total of 18 insider sells and no insider buys over the past year.
On the day of the recent transaction, shares of Intuitive Machines Inc were trading at $6.02, giving the company a market cap of approximately $359.925 million.
This transaction follows a pattern of several other insider sales at the company, suggesting a trend where insiders are choosing to sell shares. Investors often monitor insider sales as they can provide insights into how insiders view the stock's current valuation and future prospects.
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