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

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 2,842,682 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $7.00, for a total transaction 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 transaction 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 transaction of $242,907.00.
• On Friday, August 7th, Michelangelo Volpi sold 1,854,322 shares of Aurora Innovation stock. The stock was 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 shares were sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Trading Up 0.8%

Shares of AUR stock traded up $0.05 during trading hours on Wednesday, reaching $6.20. The stock had a trading volume of 36,274,347 shares, compared to its average volume of 23,975,445. The firm has a market capitalization of $12.43 billion, a PE ratio of -13.19 and a beta of 2.64. The stock’s fifty day simple moving average is $6.43 and its 200 day simple moving average is $5.66. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share (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 during the quarter, compared to analysts’ expectations of $1.66 million. During the same period last year, the firm earned ($0.11) earnings per share. Aurora Innovation’s quarterly revenue was up 100.0% on a year-over-year basis. As a group, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

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

Wall Street Analyst Weigh In

Several brokerages have commented on AUR. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. 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. Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 target price for the company. Wall Street Zen lowered Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.