Aurora Innovation, Inc. $AUR Stake Raised by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Aurora Innovation, Inc. by 41.7%, owning 620,181 shares valued at approximately $4.17 million as of the latest filing.
• Aurora Innovation reported a quarterly loss of $0.11 EPS, slightly beating analyst expectations of a loss of $0.12 EPS, with revenues reaching $1.00 million.
• Aurora's stock price opened at $5.67, having a 12-month range of $4.65 to $10.77 and currently being listed with a market cap of $10.46 billion.

Intech Investment Management LLC grew its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 41.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 620,181 shares of the company's stock after buying an additional 182,573 shares during the period. Intech Investment Management LLC's holdings in Aurora Innovation were worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AUR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Aurora Innovation during the first quarter valued at approximately $32,000. Signaturefd LLC raised its holdings in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the last quarter. Finally, 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 valued at $68,000 after buying an additional 8,299 shares during the last quarter. Institutional investors own 44.71% of the company's stock.

Insider Buying and Selling

In other news, Director John J. Donahoe bought 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the acquisition, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.85% of the stock is currently owned by insiders.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $5.67 on Friday. Aurora Innovation, Inc. has a 12 month low of $4.65 and a 12 month high of $10.77. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of -12.06 and a beta of 2.48. The stock's 50 day moving average price is $5.91 and its 200 day moving average price is $6.23.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. On average, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

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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