Aurora Innovation, Inc. $AUR Stake Increased by Amundi

Key Points

• Amundi has increased its holdings in Aurora Innovation, Inc. by 5% in the first quarter, now owning approximately $11.47 million worth of stock after acquiring 86,985 additional shares.
• Director John J. Donahoe purchased 162,337 shares of Aurora at an average cost of $6.10 per share, significantly boosting his ownership in the company.
• Aurora Innovation's stock is currently trading around $5.70 with a reported quarterly revenue of $1.00 million, outperforming estimates.

Amundi raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,828,217 shares of the company's stock after purchasing an additional 86,985 shares during the quarter. Amundi owned about 0.11% of Aurora Innovation worth $11,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perbak Capital Partners LLP acquired a new stake in shares of Aurora Innovation during the 1st quarter valued at $220,000. Durable Capital Partners LP lifted its position in shares of Aurora Innovation by 17.0% during 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. Royal Bank of Canada lifted its position in shares of Aurora Innovation by 35.7% during the 1st quarter. Royal Bank of Canada now owns 227,475 shares of the company's stock valued at $1,530,000 after acquiring an additional 59,801 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Aurora Innovation by 228.1% during the 1st quarter. Vident Advisory LLC now owns 49,014 shares of the company's stock valued at $330,000 after acquiring an additional 34,077 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Aurora Innovation during the 1st quarter valued at $106,000. 44.71% of the stock is owned by institutional investors.

Insider Activity

In other Aurora Innovation news, Director John J. Donahoe bought 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.85% of the stock is owned by insiders.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded up $0.22 on Monday, reaching $5.89. 17,390,180 shares of the company traded hands, compared to its average volume of 18,744,804. Aurora Innovation, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $10.77. The company's 50 day moving average is $5.93 and its 200-day moving average is $6.21. The stock has a market capitalization of $10.87 billion, a PE ratio of -12.53 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

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.