Michelangelo Volpi Sells 1,854,322 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 1,854,322 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink.

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

• 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 transaction of $242,907.00.
• 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 Trading Down 0.4%

AUR traded down $0.03 during trading hours on Tuesday, hitting $6.95. 14,874,290 shares of the company’s stock were exchanged, compared to its average volume of 23,557,223. Aurora Innovation, Inc. has a 12-month low of $3.60 and a 12-month high of $8.56. The firm has a 50 day moving average of $6.42 and a 200 day moving average of $5.57. The firm has a market cap of $13.93 billion, a P/E ratio of -14.79 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) 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 analysts’ expectations 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 business’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. As a group, research analysts expect that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in AUR. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $35,000. Danske Bank A S acquired a new stake in Aurora Innovation during the 3rd quarter worth $36,000. Eurizon Capital SGR S.p.A. acquired a new stake in Aurora Innovation during the 4th quarter worth $39,000. Stonebridge Financial Group LLC MO purchased a new stake in Aurora Innovation in the fourth quarter valued at $40,000. Finally, Equitable Holdings Inc. purchased a new stake in Aurora Innovation in the fourth quarter valued at $41,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. TD Cowen increased their target price on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Craig Hallum started 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. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Aurora Innovation currently has an average rating of “Hold” and an average 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.