Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 34,701 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 34,701 shares of Aurora Innovation stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $7.00, for a total value of $242,907.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 Stock Down 0.4%

Shares of NASDAQ:AUR opened at $6.95 on Wednesday. The firm has a market capitalization of $13.93 billion, a PE ratio of -14.79 and a beta of 2.64. The company has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $5.58. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results 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). The business had revenue of $2.00 million during the quarter, compared to the consensus estimate 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 for the quarter was up 100.0% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. Analysts anticipate that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen increased their target price on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price target on shares of Aurora Innovation in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. The Goldman Sachs Group increased 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. Finally, Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.22.

Institutional Trading of Aurora Innovation

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

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.