Aurora Innovation (NASDAQ:AUR) Director Sells 22,501 Shares

Key Points

• Director Michelangelo Volpi sold 22,501 Aurora Innovation shares at an average price of $7.01, worth approximately $157,732. This follows several recent sales totaling millions of shares and more than $24.9 million in proceeds.
• Aurora shares fell 0.4% to $6.84, though they remain above their 50-day and 200-day moving averages. The stock has traded between $3.60 and $8.56 over the past year.
• The company reported a quarterly loss of $0.14 per share, missing expectations, while revenue reached $2 million and doubled year over year. Analysts have a consensus “Hold” rating and an average price target of $12.22.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 22,501 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was 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 Securities & Exchange Commission, which is accessible through 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 transaction 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 shares were 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 Trading Down 0.4%

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

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results 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). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The firm had revenue of $2.00 million for the quarter, compared to analysts' expectations of $1.66 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The company's revenue was up 100.0% compared to the same quarter last year. As a group, analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Northland Securities initiated coverage on Aurora Innovation in a report on Friday, May 29th. They issued an "outperform" rating and a $11.00 price objective on the stock. Craig Hallum began coverage on Aurora Innovation in a research note on Friday, June 5th. They set a "buy" rating and a $18.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and set a $13.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a research note on Friday, April 17th. Finally, Wall Street Zen lowered shares of Aurora Innovation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AUR. Handelsbanken Fonder AB boosted its holdings in Aurora Innovation by 18.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 398,600 shares of the company's stock worth $2,718,000 after buying an additional 60,700 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Aurora Innovation by 20.2% during the second quarter. FNY Investment Advisers LLC now owns 298,497 shares of the company's stock valued at $2,035,000 after acquiring an additional 50,097 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 79.7% during the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company's stock valued at $58,000 after acquiring an additional 3,770 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Aurora Innovation by 964.9% in the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company's stock valued at $55,000 after acquiring an additional 7,266 shares in the last quarter. Finally, CX Institutional lifted its position in shares of Aurora Innovation by 4,070.6% in the second quarter. CX Institutional now owns 17,850 shares of the company's stock valued at $122,000 after acquiring an additional 17,422 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Company Profile

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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