Algert Global LLC increased its stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 40.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 686,918 shares of the company's stock after purchasing an additional 198,515 shares during the quarter. Algert Global LLC's holdings in Aurora Innovation were worth $4,620,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AUR. Toyota Motor Corp bought a new position in Aurora Innovation in the 4th quarter worth about $298,294,000. Uber Technologies Inc purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $2,053,632,000. Cornerstone Wealth Management LLC boosted its position in shares of Aurora Innovation by 153.3% in the first quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock valued at $1,247,000 after acquiring an additional 112,237 shares during the period. Lightspeed Management Company L.L.C. purchased a new position in Aurora Innovation during the fourth quarter valued at approximately $74,003,000. Finally, Archon Partners LLC purchased a new stake in Aurora Innovation in the 4th quarter worth approximately $378,000. 44.71% of the stock is currently owned by institutional investors.
Aurora Innovation Stock Performance
AUR traded up $0.0850 during trading on Thursday, reaching $5.8550. The stock had a trading volume of 12,790,097 shares, compared to its average volume of 19,569,373. The stock has a market cap of $10.80 billion, a PE ratio of -12.52 and a beta of 2.49. Aurora Innovation, Inc. has a one year low of $3.40 and a one year high of $10.77. The business has a 50-day moving average of $5.78 and a 200-day moving average of $6.48.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. Equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director John J. Donahoe bought 162,337 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price 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 in the company, valued at $990,255.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director directly owned 330,425 shares in the company, valued at approximately $1,956,116. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on AUR shares. Canaccord Genuity Group boosted their price target 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. Needham & Company LLC boosted their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.75.
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About Aurora Innovation
(
Free Report)
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.
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