Aurora Innovation, Inc. (NASDAQ:AUR) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC increased its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 153.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,457 shares of the company's stock after acquiring an additional 112,237 shares during the period. Cornerstone Wealth Management LLC's holdings in Aurora Innovation were worth $1,247,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Twin Tree Management LP lifted its position in shares of Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after acquiring an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Aurora Innovation in the 1st quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after purchasing an additional 3,527 shares during the last quarter. Yousif Capital Management LLC acquired a new position in Aurora Innovation during the fourth quarter worth $65,000. Finally, Avantax Advisory Services Inc. purchased a new stake in Aurora Innovation during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Down 0.4%

Shares of AUR opened at $5.33 on Thursday. Aurora Innovation, Inc. has a fifty-two week low of $2.17 and a fifty-two week high of $10.77. The company's fifty day moving average is $6.39 and its two-hundred day moving average is $6.84. The firm has a market cap of $9.43 billion, a PE ratio of -11.10 and a beta of 2.59.

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

Insider Activity

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

Analyst Ratings Changes

AUR has been the subject of a number of research analyst reports. TD Cowen assumed coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price target for the company. Oppenheimer started coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. Needham & Company LLC lifted 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. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Company 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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