Aurora Innovation (NASDAQ:AUR) Director Sells 14,916 Shares

Key Points

• Director Michelangelo Volpi sold 14,916 Aurora Innovation shares at an average price of $7.00, worth $104,412. He also sold more than 3.5 million additional shares in transactions from August 5–13, totaling roughly $24.8 million.
• Aurora shares fell 0.4% to $6.84, with a market capitalization of approximately $13.71 billion. The stock remains above its 50-day and 200-day moving averages but trades at a negative price-to-earnings ratio.
• The company’s latest quarter showed a $0.14-per-share loss, missing estimates, although revenue doubled year over year to $2 million. Analysts maintain a consensus “Hold” rating with an average price target of $12.22.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 14,916 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $7.00, for a total value of $104,412.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 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 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 shares were sold at an average price of $7.07, for a total value of $1,271,058.74.

Aurora Innovation Trading Down 0.4%

Aurora Innovation stock traded down $0.03 during mid-day trading on Thursday, hitting $6.84. The company had a trading volume of 15,551,258 shares, compared to its average volume of 23,566,215. The stock's 50 day moving average price is $6.40 and its two-hundred day moving average price is $5.60. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The company has a market capitalization of $13.71 billion, a PE ratio of -14.55 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $2.00 million for the quarter, compared to the consensus estimate 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 was up 100.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Equities research analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AUR. Cantor Fitzgerald reiterated an "overweight" rating and issued a $12.00 target price on shares of Aurora Innovation in a research note on Thursday, July 23rd. Craig Hallum started coverage on Aurora Innovation in a research report on Friday, June 5th. They issued a "buy" rating and a $18.00 price objective on the stock. Morgan Stanley reiterated an "overweight" rating and set a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Wall Street Zen cut Aurora Innovation from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.22.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ascent Wealth Partners LLC raised its holdings in Aurora Innovation by 9.6% in the 1st quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company's stock worth $65,000 after purchasing an additional 1,389 shares during the period. Gabelli Funds LLC increased its position in Aurora Innovation by 15.4% in the first quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock worth $62,000 after buying an additional 2,000 shares in the last quarter. Abel Hall LLC increased its position in Aurora Innovation by 21.0% in the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company's stock worth $52,000 after buying an additional 2,356 shares in the last quarter. World Investment Advisors raised its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company's stock worth $134,000 after buying an additional 2,406 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Aurora Innovation by 20.1% during the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company's stock valued at $77,000 after buying an additional 2,458 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.

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