Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 2,842,682 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, August 13th, Michelangelo Volpi sold 22,501 shares of Aurora Innovation stock. The stock was sold at an average price of $7.01, for a total value of $157,732.01.
• On Wednesday, August 12th, Michelangelo Volpi sold 14,916 shares of Aurora Innovation stock. The stock was sold at an average price of $7.00, for a total value of $104,412.00.
• On Tuesday, August 11th, Michelangelo Volpi sold 1,441,849 shares of Aurora Innovation stock. The stock was sold at an average price of $6.99, for a total value of $10,078,524.51.
• On Monday, August 10th, Michelangelo Volpi sold 34,701 shares of Aurora Innovation stock. The shares were sold at an average price of $7.00, for a total value of $242,907.00.
• On Friday, August 7th, Michelangelo Volpi sold 1,854,322 shares of Aurora Innovation stock. The shares were sold at an average price of $7.05, for a total value of $13,072,970.10.
• 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 Trading Up 0.8%

AUR opened at $6.20 on Thursday. The stock’s 50-day moving average price is $6.43 and its 200 day moving average price is $5.67. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of -13.19 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last released its earnings results 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%. The business’s revenue was up 100.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. On average, research analysts forecast that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AUR. Garton & Associates Financial Advisors LLC acquired a new stake in Aurora Innovation during the 4th quarter worth $35,000. Danske Bank A S acquired a new position in Aurora Innovation in the third quarter valued at $36,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Aurora Innovation during the fourth quarter worth about $39,000. Stonebridge Financial Group LLC MO purchased a new position in shares of Aurora Innovation during the fourth quarter worth about $40,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Aurora Innovation during the fourth quarter worth about $41,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Northland Securities began coverage on shares of Aurora Innovation in a report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Craig Hallum initiated coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $18.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Finally, TD Cowen upped their price objective on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.