Insider Selling: Aurora Innovation (NASDAQ:AUR) Director Sells 14,916 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 14,916 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $7.00, for a total transaction of $104,412.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $157,732.01.
• 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 Price Performance

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Aurora Innovation by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after buying an additional 17,818,179 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Aurora Innovation by 130.0% in the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after buying an additional 16,975,927 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Aurora Innovation by 6.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after buying an additional 16,933,373 shares in the last quarter. Janus Henderson Group PLC raised its position in Aurora Innovation by 2,068.8% during the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after purchasing an additional 10,724,682 shares during the period. Finally, SC US Ttgp LTD. bought a new stake in Aurora Innovation in the fourth quarter worth $33,830,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. The Goldman Sachs Group raised their price objective on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. TD Cowen lifted their target price on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price on the stock. Seven 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.com, Aurora Innovation currently has an average 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.