Michelangelo Volpi Sells 22,501 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 22,501 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 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 Price Performance

NASDAQ:AUR opened at $6.99 on Friday. The firm’s 50 day simple moving average is $6.41 and its 200 day simple moving average is $5.62. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The company has a market cap of $14.01 billion, a PE ratio of -14.87 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last announced 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 analyst estimates 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 was up 100.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. Equities research analysts expect that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB raised its stake in Aurora Innovation by 18.0% during the second quarter. Handelsbanken Fonder AB now owns 398,600 shares of the company’s stock worth $2,718,000 after buying an additional 60,700 shares during the last quarter. FNY Investment Advisers LLC boosted its position in Aurora Innovation by 20.2% during the second quarter. FNY Investment Advisers LLC now owns 298,497 shares of the company’s stock valued at $2,035,000 after acquiring an additional 50,097 shares during the last quarter. GAMMA Investing LLC boosted its position in Aurora Innovation by 79.7% during the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock valued at $58,000 after acquiring an additional 3,770 shares during the last quarter. Versant Capital Management Inc grew its holdings in Aurora Innovation by 964.9% during the 2nd quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock worth $55,000 after acquiring an additional 7,266 shares during the period. Finally, CX Institutional grew its holdings in Aurora Innovation by 4,070.6% during the 2nd quarter. CX Institutional now owns 17,850 shares of the company’s stock worth $122,000 after acquiring an additional 17,422 shares during the period. 44.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of recent research reports. Craig Hallum assumed 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. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective 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 stock. Based on data from MarketBeat, Aurora Innovation has a consensus rating of “Hold” and an average target price of $12.22.

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.