Insider Selling: Aurora Innovation (NASDAQ:AUR) Director Sells 22,501 Shares

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 22,501 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $7.01, for a total value of $157,732.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $104,412.00.
• On Tuesday, August 11th, Michelangelo Volpi sold 1,441,849 shares of Aurora Innovation stock. The shares were 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 stock was 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 transaction 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 transaction of $1,271,058.74.

Aurora Innovation Price Performance

NASDAQ AUR traded down $0.03 during trading hours on Thursday, hitting $6.84. 15,551,258 shares of the company’s stock traded hands, compared to its average volume of 23,566,215. The company has a market capitalization of $13.71 billion, a PE ratio of -14.55 and a beta of 2.64. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The firm’s 50-day moving average is $6.40 and its 200-day moving average is $5.60.

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 analysts’ consensus estimates of ($0.12) by ($0.02). The business had revenue of $2.00 million during the quarter, compared to analysts’ expectations of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period last year, the business earned ($0.11) earnings per share. Equities research analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of Aurora Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Aurora Innovation by 18.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 398,600 shares of the company’s stock valued at $2,718,000 after buying an additional 60,700 shares during the period. FNY Investment Advisers LLC grew its position in Aurora Innovation by 20.2% in the second quarter. FNY Investment Advisers LLC now owns 298,497 shares of the company’s stock worth $2,035,000 after acquiring an additional 50,097 shares during the period. GAMMA Investing LLC increased its stake in Aurora Innovation by 79.7% during the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock worth $58,000 after acquiring an additional 3,770 shares during the last quarter. Versant Capital Management Inc increased its stake in Aurora Innovation by 964.9% during the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock worth $55,000 after acquiring an additional 7,266 shares during the last quarter. Finally, CX Institutional raised its position in Aurora Innovation by 4,070.6% in the second quarter. CX Institutional now owns 17,850 shares of the company’s stock valued at $122,000 after purchasing an additional 17,422 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AUR shares. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Northland Securities assumed coverage on Aurora Innovation in a research note on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 price target on shares of Aurora Innovation in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.