Michelangelo Volpi Sells 179,782 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 179,782 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $7.07, for a total value of $1,271,058.74. Following the completion of the sale, the director directly owned 4,803 shares of the company’s stock, valued at $33,957.21. This represents a 97.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Aurora Innovation Trading Up 4.1%

Shares of Aurora Innovation stock opened at $7.06 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The company’s fifty day simple moving average is $6.43 and its 200-day simple moving average is $5.54. The company has a market cap of $14.15 billion, a price-to-earnings ratio of -15.02 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company had revenue of $2.00 million for the quarter, compared to analyst estimates of $1.66 million. During the same quarter in the previous year, the company earned ($0.11) earnings per share. Aurora Innovation’s revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of Aurora Innovation

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AUR shares. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Morgan Stanley restated an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Craig Hallum started coverage on Aurora Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.22.

About Aurora Innovation

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.