John J. Donahoe Purchases 162,337 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) 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 the stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the purchase, the director directly owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Aurora Innovation Price Performance

Shares of AUR stock traded down $0.08 during mid-day trading on Friday, hitting $6.13. 38,302,412 shares of the stock traded hands, compared to its average volume of 19,318,146. The stock has a market cap of $10.83 billion, a P/E ratio of -13.05 and a beta of 2.49. The stock's fifty day moving average is $5.71 and its two-hundred day moving average is $6.52. Aurora Innovation, Inc. has a 52-week low of $3.36 and a 52-week high of $10.77.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AUR shares. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped 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. Finally, Needham & Company LLC increased their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds have recently modified their holdings of the stock. Uber Technologies Inc acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $2,053,632,000. Vanguard Group Inc. raised its position in Aurora Innovation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after buying an additional 2,392,995 shares during the last quarter. Toyota Motor Corp acquired a new stake in Aurora Innovation during the 4th quarter valued at approximately $298,294,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aurora Innovation by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock valued at $100,352,000 after acquiring an additional 2,165,114 shares during the last quarter. Institutional investors and hedge funds 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.