Key Points
- Director Michelangelo Volpi sold 179,782 Aurora Innovation shares at an average price of $7.07, generating approximately $1.27 million. The sale reduced his remaining stake by 97.4% to 4,803 shares.
- Aurora’s stock recently traded around $7.06, up 4.1%, but the company reported a quarterly loss of $0.14 per share—$0.02 worse than analyst estimates—despite revenue doubling year over year to $2 million.
- Analyst sentiment is mixed, with seven Buy, two Hold and two Sell ratings producing a consensus Hold rating and an average price target of $12.22. Institutional investors own 44.71% of the company.
Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 179,782 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $7.07, for a total transaction of $1,271,058.74. Following the completion of the sale, the director owned 4,803 shares of the company's stock, valued at approximately $33,957.21. This trade represents a 97.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Aurora Innovation Stock Up 4.1%
Aurora Innovation stock opened at $7.06 on Friday. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56. The company's 50 day moving average price is $6.43 and its two-hundred day moving average price is $5.54. The stock has a market cap of $14.15 billion, a P/E ratio of -15.02 and a beta of 2.64.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released 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). The business had revenue of $2.00 million during 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%. The business's revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.48 EPS for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They issued an "outperform" rating and a $11.00 price objective on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research report on Friday, July 17th. Needham & Company LLC reiterated a "buy" rating and set a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Morgan Stanley reissued an "overweight" rating and issued a $14.00 price target on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Aurora Innovation from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.22.
View Our Latest Analysis on AUR
Institutional Investors Weigh In On Aurora Innovation
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Aurora Innovation by 35.7% in the first quarter. Royal Bank of Canada now owns 227,475 shares of the company's stock valued at $1,530,000 after purchasing an additional 59,801 shares during the last quarter. AQR Capital Management LLC increased its position in Aurora Innovation by 9.4% in the first quarter. AQR Capital Management LLC now owns 166,257 shares of the company's stock worth $1,118,000 after buying an additional 14,220 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Aurora Innovation by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company's stock worth $13,764,000 after buying an additional 127,953 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Aurora Innovation by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company's stock worth $172,000 after buying an additional 2,774 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Aurora Innovation by 66.5% in the second quarter. Cetera Investment Advisers now owns 112,351 shares of the company's stock valued at $589,000 after buying an additional 44,867 shares during the period. Institutional investors own 44.71% of the company's stock.
Aurora Innovation Company Profile
(
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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