Insider Selling: Aurora Innovation (NASDAQ:AUR) Director Sells $19,898,774.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) Director Michelangelo Volpi sold 2,842,682 shares of Aurora Innovation stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value 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 value of $104,412.00.
  • On Tuesday, August 11th, Michelangelo Volpi sold 1,441,849 shares of Aurora Innovation stock. The stock was sold at an average price of $6.99, for a total value 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 Stock Up 2.0%

NASDAQ:AUR opened at $6.24 on Friday. The stock has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $5.69. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of -13.28 and a beta of 2.64. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $8.56.

Aurora Innovation (NASDAQ:AURGet Free Report) last posted its quarterly earnings data 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 company had revenue of $2.00 million for the quarter, compared to analyst estimates of $1.66 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. Aurora Innovation’s quarterly revenue was up 100.0% on a year-over-year basis. Equities analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Institutional Investors Weigh In On Aurora Innovation

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 target price on shares of Aurora Innovation in a research note on Thursday, July 23rd. Wall Street Zen lowered Aurora Innovation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $12.22.

Get Our Latest Analysis on Aurora Innovation

About Aurora Innovation

(Get Free Report)

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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Insider Buying and Selling by Quarter for Aurora Innovation (NASDAQ:AUR)

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