Aurora Innovation, Inc. $AUR Position Lessened by Northern Trust Corp

Northern Trust Corp trimmed its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,717,030 shares of the company's stock after selling 137,575 shares during the period. Northern Trust Corp owned about 0.50% of Aurora Innovation worth $58,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Berkshire Capital Holdings Inc. purchased a new stake in shares of Aurora Innovation during the first quarter worth $10,273,000. Summit Securities Group LLC raised its holdings in shares of Aurora Innovation by 467.8% during the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock worth $68,000 after acquiring an additional 8,299 shares in the last quarter. Algert Global LLC raised its holdings in shares of Aurora Innovation by 40.6% during the first quarter. Algert Global LLC now owns 686,918 shares of the company's stock worth $4,620,000 after acquiring an additional 198,515 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new stake in shares of Aurora Innovation during the first quarter worth $413,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Aurora Innovation during the first quarter worth $2,720,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on AUR. The Goldman Sachs Group increased their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC increased their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $5.82 on Wednesday. The firm has a 50-day simple moving average of $5.81 and a 200 day simple moving average of $6.45. Aurora Innovation, Inc. has a twelve month low of $3.81 and a twelve month high of $10.77. The stock has a market cap of $10.74 billion, a PE ratio of -12.38 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. Research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares in the company, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Donahoe purchased 162,337 shares of the business's stock in a transaction 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 purchase, the director 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 disclosure for this purchase can be found here. 11.85% of the stock is owned by company insiders.

Aurora Innovation Profile

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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