1,527,520 Shares in Aurora Innovation, Inc. $AUR Acquired by Berkshire Capital Holdings Inc.

Key Points

• Berkshire Capital Holdings Inc. invested approximately $10.27 million in Aurora Innovation, acquiring 1,527,520 shares, which now represents 4.9% of its investment portfolio.
• Aurora Innovation's latest quarterly earnings report showed an EPS of ($0.11), beating analysts’ expectations of ($0.12), with revenue of $1.00 million surpassing estimates of $0.50 million.
• The stock has been positively rated by several analysts, with target prices raised to as high as $15.00 by Canaccord Genuity, indicating strong market support.

Berkshire Capital Holdings Inc. acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,527,520 shares of the company's stock, valued at approximately $10,273,000. Aurora Innovation comprises 4.9% of Berkshire Capital Holdings Inc.'s holdings, making the stock its 9th biggest holding. Berkshire Capital Holdings Inc. owned about 0.09% of Aurora Innovation at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Aurora Innovation in the first quarter worth $32,000. Signaturefd LLC grew its holdings in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares during the period. GAMMA Investing LLC grew 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 valued at $40,000 after purchasing an additional 3,527 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 2,085 shares during the period. Finally, Bank of Montreal Can bought a new stake in Aurora Innovation during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Trading Up 0.4%

Shares of NASDAQ:AUR traded up $0.0250 during mid-day trading on Thursday, reaching $5.7950. The stock had a trading volume of 9,117,484 shares, compared to its average volume of 19,546,455. The company has a market cap of $10.69 billion, a P/E ratio of -12.31 and a beta of 2.49. Aurora Innovation, Inc. has a 1 year low of $3.40 and a 1 year high of $10.77. The business's 50 day moving average price is $5.78 and its 200 day moving average price is $6.48.

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

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company'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 transaction of $272,894.24. Following the sale, the director directly owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John J. Donahoe acquired 162,337 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares of the company's stock, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. 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. The Goldman Sachs Group boosted their price target on Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Needham & Company LLC boosted their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Aurora Innovation currently has an average rating of "Moderate Buy" and a consensus target price 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.