Key Points
- Director Michelangelo Volpi sold 1.44 million Aurora Innovation shares for approximately $10.1 million at an average price of $6.99, following several other sales totaling millions of shares in August.
- Aurora’s stock opened at $6.84, with a market capitalization of $13.71 billion and a 52-week range of $3.60 to $8.56. The company’s latest quarterly loss of $0.14 per share missed estimates, although revenue doubled year over year to $2 million.
- Analyst sentiment is mixed, with seven Buy, two Hold and two Sell ratings; the consensus rating is Hold and the average price target is $12.22. Institutional investors own 44.71% of Aurora’s shares.
Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 14,916 shares of Aurora Innovation stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $7.00, for a total transaction of $104,412.00. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $157,732.01.
- 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 transaction of $10,078,524.51.
- 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 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 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 NASDAQ AUR opened at $6.84 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The firm has a 50-day moving average of $6.40 and a 200 day moving average of $5.61. The stock has a market cap of $13.71 billion, a P/E ratio of -14.55 and a beta of 2.64.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.00 million during the quarter, compared to analysts' expectations of $1.66 million. During the same quarter last year, the company posted ($0.11) EPS. Aurora Innovation's revenue for the quarter was up 100.0% compared to the same quarter last year. Research analysts expect that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AUR. Garton & Associates Financial Advisors LLC bought a new stake in Aurora Innovation during the 4th quarter worth approximately $35,000. Danske Bank A S purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at $36,000. Eurizon Capital SGR S.p.A. bought a new position in Aurora Innovation in the 4th quarter worth $39,000. Stonebridge Financial Group LLC MO bought a new position in Aurora Innovation in the 4th quarter worth $40,000. Finally, Equitable Holdings Inc. purchased a new stake in Aurora Innovation in the 4th quarter worth $41,000. 44.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Morgan Stanley reissued an "overweight" rating and set a $14.00 price objective on shares of Aurora Innovation in a research 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. Northland Securities started coverage on Aurora Innovation in a research note on Friday, May 29th. They set an "outperform" rating and a $11.00 target price on the stock. Wall Street Zen cut Aurora Innovation from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Finally, The Goldman Sachs Group increased their price objective on Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.22.
Get Our Latest Analysis on AUR
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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