Key Points
- Director Michelangelo Volpi sold 1,854,322 Aurora Innovation shares at an average price of $7.05, generating approximately $13.1 million. He also sold additional shares in separate transactions on August 5 and August 10.
- Aurora shares opened at $6.95, with a market capitalization of roughly $13.93 billion. The company recently reported a quarterly loss of $0.14 per share, missing estimates, although revenue doubled year over year to $2 million.
- Analyst sentiment remains mixed: Aurora has an average “Hold” rating and a consensus price target of $12.22, while institutional investors own 44.71% of the company.
Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 34,701 shares of Aurora Innovation stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $7.00, for a total value of $242,907.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Michelangelo Volpi also recently made the following trade(s):
- 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 Price Performance
Shares of Aurora Innovation stock opened at $6.95 on Wednesday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a market cap of $13.93 billion, a PE ratio of -14.79 and a beta of 2.64. The company has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $5.58.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The company 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%.Aurora Innovation's quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.
Institutional Trading of Aurora Innovation
Several hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC purchased a new stake in Aurora Innovation during the fourth quarter valued at about $35,000. Danske Bank A S purchased a new position in shares of Aurora Innovation in the third quarter worth about $36,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Aurora Innovation in the fourth quarter worth about $39,000. Stonebridge Financial Group LLC MO bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $40,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Aurora Innovation in the 4th quarter valued at about $41,000. 44.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AUR has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $12.00 target price on shares of Aurora Innovation in a research note on Thursday, July 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on Aurora Innovation from $4.00 to $5.00 and gave the stock a "neutral" rating in a report on Friday, April 17th. Wall Street Zen downgraded Aurora Innovation from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research note on Friday, July 17th. Seven equities research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.22.
Read Our Latest Stock Analysis on Aurora Innovation
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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