Michelangelo Volpi Sells 1,441,849 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Key Points

• Director Michelangelo Volpi sold 1,441,849 Aurora Innovation shares at an average price of $6.99, generating approximately $10.08 million. Including other recent transactions, he sold more than 3.5 million shares in August.
• Aurora shares traded at $6.84, with a $13.71 billion market capitalization, while the stock remained unprofitable. The company reported quarterly revenue of $2 million but missed earnings estimates, posting a loss of $0.14 per share versus the expected $0.12 loss.
• Analyst sentiment was mixed, with a consensus “Hold” rating and a $12.22 price target; seven analysts rated the stock Buy, two Hold, and two Sell.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 1,441,849 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $6.99, for a total transaction of $10,078,524.51. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $7.01, for a total transaction of $157,732.01.
• 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 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 shares were 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 Stock Performance

Shares of NASDAQ AUR traded down $0.03 during trading hours on Thursday, hitting $6.84. The company's stock had a trading volume of 15,549,812 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 stock has a market cap of $13.71 billion, a price-to-earnings ratio of -14.55 and a beta of 2.64. The business has a 50-day simple moving average of $6.40 and a 200-day simple moving average of $5.60.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released 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). The business had revenue of $2.00 million during the quarter, compared to analysts' expectations of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company's quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of several recent analyst reports. Wall Street Zen cut shares of Aurora Innovation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Morgan Stanley restated an "overweight" rating and issued a $14.00 price objective on shares of Aurora Innovation in a report on Thursday, May 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research report on Friday, July 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Aurora Innovation has a consensus rating of "Hold" and a consensus price target of $12.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new position in Aurora Innovation in the fourth quarter worth $35,000. Danske Bank A S purchased a new position in Aurora Innovation during the third quarter valued at $36,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Aurora Innovation during the 4th quarter valued at $39,000. Stonebridge Financial Group LLC MO bought a new stake in shares of Aurora Innovation during the 4th quarter valued at $40,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Aurora Innovation in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

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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