Michelangelo Volpi Sells 14,916 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 14,916 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $7.00, for a total transaction of $104,412.00. The sale was disclosed in a filing 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 transaction 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 stock was sold at an average price of $7.00, for a total transaction 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 Stock Performance

Shares of AUR opened at $6.99 on Friday. The business’s fifty day moving average price is $6.41 and its two-hundred day moving average price is $5.62. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of -14.87 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 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 firm had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.66 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company’s revenue was up 100.0% compared to the same quarter last year. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Wall Street Analyst Weigh In

AUR has been the subject of several recent research reports. Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Northland Securities started coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price on the stock. Craig Hallum began coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 price target for the company. The Goldman Sachs Group boosted 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.22.

Institutional Investors Weigh In On Aurora Innovation

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

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.