On September 19, 2024, Stephen Altemus, CEO and 10% Owner of Intuitive Machines Inc (LUNR, Financial), sold 550,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 910,919 shares of Intuitive Machines Inc.
Intuitive Machines Inc, headquartered in Houston, Texas, operates in the aerospace sector. The company specializes in providing lunar landing and exploration services. It aims to offer cost-effective and reliable solutions to transport payloads to the Moon, supporting lunar surface operations and data collection for NASA and other clients in the space industry.
Over the past year, Stephen Altemus has sold a total of 2,800,000 shares of Intuitive Machines Inc and has not made any purchases of the stock. The insider transaction history for the company shows a trend of more sales than purchases among insiders, with 20 insider sells and no insider buys over the past year.
On the day of the sale, shares of Intuitive Machines Inc were trading at $8.59. This pricing values the company with a market cap of approximately $575.755 million. The company's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are also tracked for investor consideration.
Investors and market watchers often monitor insider transactions as they can provide valuable insights into a company's internal perspective on its stock's value and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
