Aurora Innovation (NASDAQ:AUR) Director Sells $242,907.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 34,701 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $7.00, for a total transaction of $242,907.00. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction of $157,732.01.
• 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 stock was sold at an average price of $6.99, for a total transaction of $10,078,524.51.
• 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 value of $1,271,058.74.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $6.84 on Friday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business has a fifty day moving average price of $6.40 and a 200-day moving average price of $5.61. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of -14.55 and a beta of 2.64.

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 the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company had revenue of $2.00 million for the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter last year, the firm posted ($0.11) earnings per share. Aurora Innovation’s revenue for the quarter was up 100.0% on a year-over-year basis. On average, equities research analysts expect that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Northland Securities initiated coverage on Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective for the company. Wall Street Zen lowered shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Craig Hallum began coverage on Aurora Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $18.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Aurora Innovation has a consensus rating of “Hold” and an average price target of $12.22.

Institutional Investors Weigh In On Aurora Innovation

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

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.