Aurora Innovation, Inc. $AUR Shares Sold by Castle Rock Wealth Management LLC

Key Points

• Castle Rock Wealth Management LLC reduced its holdings in Aurora Innovation, Inc. by 54.4%, ending the second quarter with 44,948 shares worth $236,000.
• Aurora Innovation received a consensus rating of “Hold” from analysts, with a target price of $10.75, amidst a mixed assessment including five Buy, four Hold, and one Sell ratings.
• Insider activity included Director John J. Donahoe purchasing 162,337 shares for approximately $990,255 while Director Brittany Bagley sold 50,000 shares, reducing her position by 11.15%.

Castle Rock Wealth Management LLC reduced its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 54.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,948 shares of the company's stock after selling 53,677 shares during the period. Castle Rock Wealth Management LLC's holdings in Aurora Innovation were worth $236,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Aurora Innovation by 147.3% in the first 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 boosted 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 worth $40,000 after acquiring an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in shares of Aurora Innovation in the second quarter worth approximately $52,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of "Hold" and an average target price of $10.75.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director John J. Donahoe purchased 162,337 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased 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 owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.85% of the company's stock.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $5.58 on Thursday. Aurora Innovation, Inc. has a one year low of $4.75 and a one year high of $10.77. The company's 50 day moving average price is $5.84 and its 200 day moving average price is $6.07. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of -11.87 and a beta of 2.45.

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

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