Interim CFO Of Intuitive Machines Sold 100% Of Their Shares

Investors may wish to note that the Interim CFO of Intuitive Machines, Inc., Steven Vontur, recently netted US$57k from selling stock, receiving an average price of US$5.58. That might not be a huge sum but it was 100% of their personal holding, so we find it a little discouraging.

See our latest analysis for Intuitive Machines

The Last 12 Months Of Insider Transactions At Intuitive Machines

Over the last year, we can see that the biggest insider sale was by the Co-Founder & Chairman, Kamal Ghaffarian, for US$19m worth of shares, at about US$4.00 per share. That means that even when the share price was below the current price of US$6.13, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 57% of Kamal Ghaffarian's stake.

Intuitive Machines insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 5.2% of Intuitive Machines shares, worth about US$20m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Intuitive Machines Tell Us?

An insider sold Intuitive Machines shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 4 warning signs for Intuitive Machines that deserve your attention before buying any shares.

Of course Intuitive Machines may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.