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

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 179,782 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $7.07, for a total value of $1,271,058.74. Following the transaction, the director owned 4,803 shares in the company, valued at $33,957.21. The trade was a 97.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Aurora Innovation Stock Up 4.1%

Shares of AUR stock opened at $7.06 on Friday. The firm has a 50 day moving average of $6.43 and a 200-day moving average of $5.54. The company has a market cap of $14.15 billion, a price-to-earnings ratio of -15.02 and a beta of 2.64. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56.

Aurora Innovation (NASDAQ:AUR) last released its earnings results 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). The company had revenue of $2.00 million for 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 firm’s revenue was up 100.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. Analysts anticipate that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AUR. Vanguard Group Inc. raised its position in Aurora Innovation by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after buying an additional 17,818,179 shares during the last quarter. DNB Asset Management AS boosted its holdings in Aurora Innovation by 93.0% during the 4th quarter. DNB Asset Management AS now owns 1,037,510 shares of the company’s stock worth $3,984,000 after acquiring an additional 499,935 shares during the last quarter. Clare Market Investments LLC purchased a new position in Aurora Innovation during the 1st quarter worth $2,697,000. T. Rowe Price Investment Management Inc. boosted its holdings in Aurora Innovation by 6.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after acquiring an additional 16,933,373 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Aurora Innovation by 130.0% in the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after acquiring an additional 16,975,927 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

AUR has been the subject of several research reports. Craig Hallum started coverage on Aurora Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $18.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Wall Street Zen lowered Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, TD Cowen raised their price objective on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. 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. Based on data from MarketBeat, the stock 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.