Insider Selling: Aurora Innovation (NASDAQ:AUR) Director Sells 50,000 Shares of Stock

Key Points

• Brittany Bagley, a director at Aurora Innovation, sold 50,000 shares of the company's stock at an average price of $5.39, totaling approximately $269,500 and resulting in an 11.15% decrease in her ownership stake.
• Aurora's stock price has experienced a recent increase of 2.5%, with shares trading at $5.34 during midday trading on Thursday and a market capitalization of $9.85 billion.
• In its latest earnings report, Aurora Innovation posted a loss of ($0.11) EPS for the quarter, slightly better than the consensus estimate of ($0.12), with revenues reaching $1.00 million compared to an expected $0.50 million.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Brittany Bagley sold 50,000 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the transaction, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Aurora Innovation Trading Up 2.5%

AUR stock traded up $0.13 during mid-day trading on Thursday, hitting $5.34. The stock had a trading volume of 14,058,784 shares, compared to its average volume of 19,171,230. Aurora Innovation, Inc. has a 52 week low of $4.75 and a 52 week high of $10.77. The firm has a market capitalization of $9.85 billion, a P/E ratio of -11.36 and a beta of 2.45. The firm has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $6.13.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Aurora Innovation during the 1st quarter valued at approximately $32,000. Signaturefd LLC grew its holdings in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after purchasing an additional 3,527 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Aurora Innovation by 463.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after purchasing an additional 6,264 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.

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