Michelangelo Volpi Sells 1,441,849 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 1,441,849 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $6.99, for a total value of $10,078,524.51. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $7.01, for a total value of $157,732.01.
• On Wednesday, August 12th, Michelangelo Volpi sold 14,916 shares of Aurora Innovation stock. The shares were sold at an average price of $7.00, for a total value of $104,412.00.
• 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 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

NASDAQ:AUR opened at $6.99 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of -14.87 and a beta of 2.64. The business has a fifty day moving average of $6.41 and a 200-day moving average of $5.62.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The business 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%. Aurora Innovation’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same period last year, the business posted ($0.11) earnings per share. On average, equities research analysts predict that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AUR. Northland Securities assumed coverage on shares of Aurora Innovation in a research report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target on the stock. Wall Street Zen cut shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. TD Cowen raised their price objective on shares of Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.22.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its position in shares of Aurora Innovation by 18.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 398,600 shares of the company’s stock valued at $2,718,000 after purchasing an additional 60,700 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Aurora Innovation by 20.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 298,497 shares of the company’s stock worth $2,035,000 after purchasing an additional 50,097 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 79.7% in the 2nd quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock worth $58,000 after purchasing an additional 3,770 shares in the last quarter. Versant Capital Management Inc lifted its stake in Aurora Innovation by 964.9% during 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 last quarter. Finally, CX Institutional lifted its stake in Aurora Innovation by 4,070.6% during the second quarter. CX Institutional now owns 17,850 shares of the company’s stock valued at $122,000 after purchasing an additional 17,422 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.