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

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 1,441,849 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $6.99, for a total transaction of $10,078,524.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 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 shares were sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.84 on Friday. The stock has a fifty day moving average of $6.40 and a two-hundred day moving average of $5.61. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of -14.55 and a beta of 2.64. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.56.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $2.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. On average, analysts forecast that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Craig Hallum assumed coverage on shares of Aurora Innovation in a 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 objective on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 price objective on shares of Aurora Innovation in a research note on Thursday, July 23rd. Finally, 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 target price on the stock. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.22.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently modified their holdings of AUR. Royal Bank of Canada increased its position in Aurora Innovation by 35.7% during the first quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock worth $1,530,000 after purchasing an additional 59,801 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Aurora Innovation by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock valued at $1,118,000 after purchasing an additional 14,220 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Aurora Innovation by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock valued at $13,764,000 after purchasing an additional 127,953 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Aurora Innovation by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after buying an additional 2,774 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Aurora Innovation by 66.5% during the 2nd quarter. Cetera Investment Advisers now owns 112,351 shares of the company’s stock valued at $589,000 after buying an additional 44,867 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

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.