Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 14,916 Shares of 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 stock was sold at an average price of $7.00, for a total value of $104,412.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $6.99, for a total transaction 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 stock was sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Stock Down 0.4%

NASDAQ:AUR opened at $6.84 on Friday. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The firm has a market capitalization of $13.71 billion, a P/E ratio of -14.55 and a beta of 2.64. The company has a fifty day moving average of $6.40 and a 200-day moving average of $5.61.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.66 million. During the same period last year, the company earned ($0.11) EPS. Aurora Innovation’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds have recently bought and sold shares of the stock. Ascent Wealth Partners LLC increased its holdings in shares of Aurora Innovation by 9.6% in the 1st 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 during the last quarter. Gabelli Funds LLC boosted its stake in shares of 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 purchasing an additional 2,000 shares during the period. Abel Hall LLC grew its holdings in shares of Aurora Innovation by 21.0% in the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock worth $52,000 after purchasing an additional 2,356 shares during the last quarter. World Investment Advisors increased its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock worth $134,000 after buying an additional 2,406 shares during the period. Finally, Cerity Partners LLC grew its holdings 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 acquiring an additional 2,458 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on AUR shares. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Craig Hallum initiated coverage on shares of Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 price objective for the company. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. Finally, TD Cowen lifted their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Seven 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.