Insider Selling: Aurora Innovation (NASDAQ:AUR) Director Sells $13,072,970.10 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 1,854,322 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $7.05, for a total transaction of $13,072,970.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 13th, Michelangelo Volpi sold 22,501 shares of Aurora Innovation stock. The shares were 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 value 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 value 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 value of $242,907.00.
• 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 AUR stock opened at $6.84 on Friday. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $8.56. The stock’s 50-day moving average is $6.40 and its 200 day moving average is $5.61. The company has a market cap of $13.71 billion, a P/E ratio of -14.55 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last announced its 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). The firm had revenue of $2.00 million during the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently made changes to their positions in the stock. Ascent Wealth Partners LLC increased its position in shares of Aurora Innovation by 9.6% in the 1st quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock valued at $65,000 after acquiring an additional 1,389 shares during the period. Gabelli Funds LLC grew its stake in Aurora Innovation by 15.4% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $62,000 after purchasing an additional 2,000 shares during the last quarter. Abel Hall LLC grew its stake in Aurora Innovation by 21.0% during the 4th quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock valued at $52,000 after purchasing an additional 2,356 shares during the last quarter. World Investment Advisors increased its holdings in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after purchasing an additional 2,406 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Aurora Innovation by 20.1% in the second quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock valued at $77,000 after purchasing an additional 2,458 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AUR has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 price objective on shares of Aurora Innovation in a research note on Thursday, July 23rd. Craig Hallum initiated coverage on shares of Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 price target on the stock. TD Cowen upped their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price objective on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Seven research 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 currently has a consensus rating of “Hold” and an average 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.