Key Points
- Director Michelangelo Volpi sold 2,842,682 Aurora Innovation shares at an average price of $7.00, generating approximately $19.9 million. He also sold millions of additional shares in multiple transactions earlier in August.
- Aurora’s stock opened at $6.20, with a market capitalization of about $12.43 billion and a 52-week range of $3.60 to $8.56. The company recently reported a quarterly loss of $0.14 per share, though revenue doubled year over year to $2 million.
- Analyst sentiment is mixed: seven analysts rate the stock a Buy, two a Hold and two a Sell, resulting in an overall Hold rating and an average price target of $12.22.
Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Michelangelo Volpi sold 2,842,682 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $7.00, for a total value of $19,898,774.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 stock was sold at an average price of $7.00, for a total transaction of $104,412.00.
- On Tuesday, August 11th, Michelangelo Volpi sold 1,441,849 shares of Aurora Innovation stock. The shares were 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 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 Aurora Innovation stock opened at $6.20 on Thursday. The company has a market capitalization of $12.43 billion, a P/E ratio of -13.19 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. The company's fifty day moving average is $6.43 and its two-hundred day moving average is $5.67.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its 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). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The business had revenue of $2.00 million during the quarter, compared to analysts' expectations of $1.66 million. During the same period in the previous year, the company posted ($0.11) earnings per share. Aurora Innovation's quarterly revenue was up 100.0% on a year-over-year basis. As a group, equities analysts expect 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 have recently added to or reduced their stakes in AUR. Danske Bank A S purchased a new stake in Aurora Innovation in the 3rd quarter valued at approximately $36,000. Versant Capital Management Inc raised its stake in shares of Aurora Innovation by 964.9% during the 2nd quarter. Versant Capital Management Inc now owns 8,019 shares of the company's stock worth $55,000 after buying an additional 7,266 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Aurora Innovation by 79.7% in the 2nd quarter. GAMMA Investing LLC now owns 8,501 shares of the company's stock valued at $58,000 after buying an additional 3,770 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $35,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 44.71% of the company's stock.
Wall Street Analyst Weigh In
AUR has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Northland Securities started coverage on Aurora Innovation in a research note on Friday, May 29th. They issued an "outperform" rating and a $11.00 target price on the stock. Morgan Stanley reissued an "overweight" rating and issued a $14.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Wall Street Zen cut Aurora Innovation from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Finally, TD Cowen increased their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a "hold" rating 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.22.
Get Our Latest 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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