Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 1,854,322 Shares

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 1,854,322 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $7.05, for a total value of $13,072,970.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michelangelo Volpi also recently made the following trade(s):

• On Monday, August 10th, Michelangelo Volpi sold 34,701 shares of Aurora Innovation stock. The stock was sold at an average price of $7.00, for a total value of $242,907.00.
• On Wednesday, August 5th, Michelangelo Volpi sold 179,782 shares of Aurora Innovation stock. The stock was sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Stock Performance

NASDAQ AUR traded down $0.03 on Tuesday, reaching $6.95. The stock had a trading volume of 14,874,290 shares, compared to its average volume of 23,557,223. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The business’s 50-day moving average price is $6.42 and its 200 day moving average price is $5.57. The stock has a market cap of $13.93 billion, a P/E ratio of -14.79 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $2.00 million during the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. Aurora Innovation’s revenue was up 100.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, sell-side analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new position in Aurora Innovation during the 4th quarter worth approximately $35,000. Danske Bank A S acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at approximately $36,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC MO purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $40,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AUR shares. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Morgan Stanley reissued an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 price objective on shares of Aurora Innovation in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Aurora Innovation has an average rating of “Hold” and a consensus target price of $12.22.

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.