Cornerstone Wealth Management LLC Grows Stock Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Cornerstone Wealth Management LLC raised its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 153.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,457 shares of the company's stock after buying an additional 112,237 shares during the quarter. Cornerstone Wealth Management LLC's holdings in Aurora Innovation were worth $1,247,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Tree Management LP grew its position in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after buying an additional 3,047 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Aurora Innovation in the 1st quarter worth approximately $32,000. GAMMA Investing LLC grew its position in 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 in the last quarter. Yousif Capital Management LLC purchased a new position in Aurora Innovation in the fourth quarter worth $65,000. Finally, Avantax Advisory Services Inc. purchased a new position in Aurora Innovation in the fourth quarter worth $65,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Insider Buying and Selling at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the transaction, the director now owns 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.85% of the stock is owned by company insiders.

Aurora Innovation Trading Down 2.1%

Aurora Innovation stock traded down $0.11 on Friday, hitting $5.22. 27,849,980 shares of the stock traded hands, compared to its average volume of 14,018,235. Aurora Innovation, Inc. has a 1 year low of $2.33 and a 1 year high of $10.77. The firm has a market cap of $9.23 billion, a P/E ratio of -10.88 and a beta of 2.59. The business's fifty day simple moving average is $6.35 and its 200 day simple moving average is $6.84.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). As a group, analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AUR shares. TD Cowen initiated coverage on Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 target price for the company. 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 report on Friday, May 9th. Canaccord Genuity Group boosted their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 price objective for the company. Finally, The Goldman Sachs Group raised their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

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.