IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 49,336 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the first quarter valued at $32,000. Signaturefd LLC raised its holdings in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after buying an additional 3,568 shares during the period. GAMMA Investing LLC lifted its stake in 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 buying an additional 2,085 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Aurora Innovation in the fourth quarter worth approximately $66,000. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Stock Down 0.9%

AUR traded down $0.06 during trading on Friday, reaching $6.15. 43,843,325 shares of the company's stock were exchanged, compared to its average volume of 19,355,992. The company has a market capitalization of $10.87 billion, a P/E ratio of -13.07 and a beta of 2.49. The business has a 50 day moving average price of $5.71 and a 200 day moving average price of $6.52. Aurora Innovation, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, 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 research report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Insider Activity

In other news, Director John J. Donahoe purchased 162,337 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired 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 directly owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director directly owned 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 disclosure for this sale can be found here. Company insiders own 11.85% of the company's stock.

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.