Aurora Innovation (NASDAQ:AUR) Director Sells $104,412.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 14,916 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $7.00, for a total value of $104,412.00. 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 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 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 stock was 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 stock was sold at an average price of $7.05, for a total value 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 value of $1,271,058.74.

Aurora Innovation Price Performance

Shares of AUR stock opened at $6.99 on Friday. The stock has a market capitalization of $14.01 billion, a PE ratio of -14.87 and a beta of 2.64. The business’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.

Aurora Innovation (NASDAQ:AUR) last released 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 firm had revenue of $2.00 million for 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 firm’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. As a group, research analysts expect that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of Aurora Innovation

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

Wall Street Analysts Forecast Growth

AUR has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 price target on shares of Aurora Innovation in a research report on Thursday, July 23rd. Craig Hallum initiated coverage on Aurora Innovation in a report on Friday, June 5th. They set a “buy” rating and a $18.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and a consensus price target 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.