128,962 Shares in Aurora Innovation, Inc. $AUR Purchased by Bosun Asset Management LLC

Key Points

• Bosun Asset Management LLC invested approximately $867,000 in Aurora Innovation, acquiring 128,962 shares during the first quarter of the year.
• Aurora Innovation shares have shown a 2.4% decline, with a market capitalization of $10.44 billion and a trading range between $3.81 and $10.77 over the past year.
• Recent analyst reports suggest a positive outlook for Aurora, with a consensus rating of "Moderate Buy" and a target price of $10.75 per share.

Bosun Asset Management LLC purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,962 shares of the company's stock, valued at approximately $867,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after buying an additional 2,392,995 shares in the last quarter. Toyota Motor Corp purchased a new position in Aurora Innovation during the fourth quarter valued at $298,294,000. Durable Capital Partners LP lifted its holdings in Aurora Innovation by 17.0% during the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company's stock valued at $100,352,000 after purchasing an additional 2,165,114 shares in the last quarter. Lightspeed Management Company L.L.C. purchased a new position in Aurora Innovation during the fourth quarter valued at $74,003,000. Finally, Northern Trust Corp lifted its holdings in Aurora Innovation by 7.9% during the fourth quarter. Northern Trust Corp now owns 8,854,605 shares of the company's stock valued at $55,784,000 after purchasing an additional 651,422 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR traded up $0.14 during midday trading on Friday, hitting $5.73. The company's stock had a trading volume of 14,599,011 shares, compared to its average volume of 20,378,608. The business's 50 day simple moving average is $5.87 and its 200 day simple moving average is $6.28. The company has a market cap of $10.57 billion, a P/E ratio of -12.19 and a beta of 2.48. Aurora Innovation, Inc. has a 12-month low of $3.81 and a 12-month high of $10.77.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director John J. Donahoe purchased 162,337 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the purchase, the director owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.