Insider Buying: Aurora Innovation, Inc. (NASDAQ:AUR) Director Purchases 162,337 Shares of Stock

Key Points

• John J. Donahoe, Director of Aurora Innovation, purchased 162,337 shares at an average price of $6.10, totaling approximately $990,255.70.
• Aurora Innovation reported a quarterly earnings per share (EPS) of ($0.11), slightly beating analysts' expectations and had revenue of $1.00 million, exceeding expectations of $0.50 million.
• Analysts have increased their price targets for Aurora Innovation, with Canaccord Genuity raising it from $10.00 to $15.00, reflecting positive sentiment around the stock.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director John J. Donahoe bought 162,337 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the acquisition, the director directly owned 162,337 shares of the company's stock, valued at $990,255.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded down $0.04 during midday trading on Friday, reaching $6.16. 47,500,098 shares of the company were exchanged, compared to its average volume of 21,763,082. The stock's 50-day moving average price is $5.71 and its 200-day moving average price is $6.50. Aurora Innovation, Inc. has a one year low of $3.36 and a one year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AUR shares. Needham & Company LLC raised their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Aurora Innovation during the first quarter worth about $32,000. Signaturefd LLC raised its holdings in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares during the last quarter. GAMMA Investing LLC grew its holdings in Aurora Innovation by 147.3% in the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after acquiring an additional 6,264 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.