Aurora Innovation (NASDAQ:AUR) Director Sells $157,732.01 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 22,501 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $7.01, for a total value of $157,732.01. The transaction was disclosed in a document filed with the SEC, 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 value 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 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 transaction 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 transaction of $1,271,058.74.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.99 on Friday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The company has a 50-day simple moving average of $6.41 and a 200-day simple moving average of $5.62. The firm has a market capitalization of $14.01 billion, a P/E ratio of -14.87 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 net margin of 18,000.00% and a negative return on equity of 43.94%. The company’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 business earned ($0.11) earnings per share. As a group, sell-side analysts forecast that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Innovation

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Craig Hallum began coverage on Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 price objective for the company. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Northland Securities started coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.