Aurora Innovation (NASDAQ:AUR) Director Michelangelo Volpi Sells 22,501 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 22,501 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $7.01, for a total value of $157,732.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 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 transaction 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 transaction of $1,271,058.74.

Aurora Innovation Price Performance

Shares of AUR stock opened at $6.84 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a fifty day moving average price of $6.40 and a 200-day moving average price of $5.61. The company has a market cap of $13.71 billion, a price-to-earnings ratio of -14.55 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last announced its 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 company had revenue of $2.00 million during the quarter, compared to the consensus estimate of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.Aurora Innovation’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. Equities research analysts expect that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Morgan Stanley reiterated an “overweight” rating and issued a $14.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. TD Cowen lifted their target price 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. Finally, Craig Hallum assumed coverage on shares of Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 target price for the company. Seven equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.22.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its stake in Aurora Innovation by 6.6% during the fourth 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Aurora Innovation by 12.5% in 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 in the last quarter. Bank of America Corp DE lifted its position in shares of Aurora Innovation by 130.0% in the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after buying an additional 16,975,927 shares in the last quarter. Geode Capital Management LLC boosted its stake in Aurora Innovation by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock valued at $82,535,000 after buying an additional 1,498,515 shares during the last quarter. Finally, State Street Corp grew its holdings in Aurora Innovation by 8.1% during the 4th quarter. State Street Corp now owns 20,544,319 shares of the company’s stock valued at $78,890,000 after buying an additional 1,533,171 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other 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.