Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 179,782 Shares

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 179,782 shares of Aurora Innovation stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $7.07, for a total transaction of $1,271,058.74. Following the sale, the director owned 4,803 shares of the company’s stock, valued at approximately $33,957.21. This trade represents a 97.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Aurora Innovation Stock Up 4.1%

Shares of AUR traded up $0.28 on Friday, hitting $7.06. 28,657,719 shares of the stock traded hands, compared to its average volume of 23,630,059. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The stock’s 50 day moving average is $6.43 and its two-hundred day moving average is $5.53. The firm has a market capitalization of $13.85 billion, a P/E ratio of -15.02 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last posted 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). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The business had revenue of $2.00 million during the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter last year, the firm earned ($0.11) EPS. The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. Research analysts forecast that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds have recently made changes to their positions in AUR. Danske Bank A S purchased a new stake in Aurora Innovation during the 3rd quarter worth $36,000. Versant Capital Management Inc raised its position in Aurora Innovation by 964.9% in the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock valued at $55,000 after purchasing an additional 7,266 shares during the period. GAMMA Investing LLC raised its position in Aurora Innovation by 79.7% in the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock valued at $58,000 after purchasing an additional 3,770 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth about $35,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Aurora Innovation during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AUR. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 target price on shares of Aurora Innovation in a report on Thursday, July 23rd. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research report 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 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and a consensus price target 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.