Aurora Innovation, Inc. (NASDAQ:AUR) Stake Increased by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Aurora Innovation, Inc. by 78.4%, now holding 112,284 shares worth $755,000.
• Insider selling occurred as Director Gloria R. Boyland sold 46,097 shares at an average price of $5.92, decreasing her position by 12.24%.
• Aurora Innovation's stock price has seen an increase of 5.5% recently, and analysts rate it with a consensus target price of $10.75 along with a "Moderate Buy" rating.

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 78.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,284 shares of the company's stock after buying an additional 49,336 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Aurora Innovation were worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Aurora Innovation during the first quarter valued at $32,000. Signaturefd LLC grew its stake in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after buying an additional 3,568 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 buying an additional 3,527 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 buying an additional 2,085 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Aurora Innovation during the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.85% of the company's stock.

Aurora Innovation Stock Up 5.5%

AUR opened at $5.96 on Tuesday. The stock's 50 day moving average price is $5.71 and its two-hundred day moving average price is $6.53. The firm has a market capitalization of $10.54 billion, a P/E ratio of -12.68 and a beta of 2.49. Aurora Innovation, Inc. has a 12-month low of $3.25 and a 12-month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. As a group, analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

AUR has been the topic of several analyst reports. Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC raised their target price on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group upped 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 company currently 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.

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