Michelangelo Volpi Sells 2,842,682 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 2,842,682 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 13th, Michelangelo Volpi sold 22,501 shares of Aurora Innovation stock. The stock was sold at an average price of $7.01, for a total transaction of $157,732.01.
• On Wednesday, August 12th, Michelangelo Volpi sold 14,916 shares of Aurora Innovation stock. The stock was sold at an average price of $7.00, for a total transaction of $104,412.00.
• 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 value 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 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 stock was sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Stock Performance

AUR opened at $6.12 on Friday. The business’s 50-day simple moving average is $6.43 and its 200-day simple moving average is $5.69. The company has a market cap of $12.27 billion, a P/E ratio of -13.02 and a beta of 2.64. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data 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). The company had revenue of $2.00 million for the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The firm’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) EPS. As a group, analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AUR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. TD Cowen raised their price objective on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 target price on shares of Aurora Innovation in a research report on Thursday, July 23rd. Northland Securities began coverage on Aurora Innovation in a report on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.22.

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after buying an additional 17,818,179 shares during the period. Bank of America Corp DE increased its position in 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 valued at $123,749,000 after acquiring an additional 16,975,927 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Aurora Innovation by 6.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after acquiring an additional 16,933,373 shares during the period. Janus Henderson Group PLC increased its position in Aurora Innovation by 2,068.8% in the 1st quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after acquiring an additional 10,724,682 shares during the period. Finally, SC US Ttgp LTD. purchased a new stake in Aurora Innovation during the 4th quarter valued at approximately $33,830,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.