Michelangelo Volpi Sells 34,701 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Michelangelo Volpi sold 34,701 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $7.00, for a total transaction of $242,907.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 stock was sold at an average price of $7.07, for a total transaction of $1,271,058.74.

Aurora Innovation Price Performance

AUR opened at $6.87 on Thursday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The company’s 50 day simple moving average is $6.40 and its 200-day simple moving average is $5.60. The stock has a market capitalization of $13.77 billion, a P/E ratio of -14.62 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.00 million during the quarter, compared to the consensus estimate of $1.66 million. During the same quarter last year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 100.0% on a year-over-year basis. As a group, analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

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. Royal Bank of Canada grew its position in shares of Aurora Innovation by 35.7% during the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock worth $1,530,000 after buying an additional 59,801 shares during the period. AQR Capital Management LLC raised its position 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 acquiring an additional 14,220 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Aurora Innovation by 6.7% during 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 worth $13,764,000 after acquiring an additional 127,953 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after purchasing an additional 2,774 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Aurora Innovation by 66.5% during the second quarter. Cetera Investment Advisers now owns 112,351 shares of the company’s stock valued at $589,000 after purchasing an additional 44,867 shares during the period. Institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Craig Hallum started coverage on Aurora Innovation in a report on Friday, June 5th. They set a “buy” rating and a $18.00 price objective for the company. Morgan Stanley restated an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.22.

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.