128,962 Shares in Aurora Innovation, Inc. $AUR Acquired 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 acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 128,962 shares of the company's stock, valued at approximately $867,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Aurora Innovation in the 1st quarter valued at about $32,000. Signaturefd LLC lifted its stake in Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Aurora Innovation by 147.3% during the 1st 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. PNC Financial Services Group Inc. increased its holdings in shares of Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Summit Securities Group LLC grew its position in shares of Aurora Innovation by 467.8% in the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock valued at $68,000 after purchasing an additional 8,299 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Aurora Innovation has an average rating of "Moderate Buy" and an average price target of $10.75.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired 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 directly owned 162,337 shares of the company's stock, valued at $990,255.70. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.85% of the company's stock.

Aurora Innovation Stock Down 1.3%

Shares of NASDAQ:AUR traded down $0.08 during midday trading on Tuesday, reaching $5.69. The company had a trading volume of 6,012,156 shares, compared to its average volume of 19,342,455. The stock has a market cap of $10.49 billion, a PE ratio of -12.07 and a beta of 2.48. Aurora Innovation, Inc. has a 1-year low of $3.83 and a 1-year high of $10.77. The business's 50 day moving average price is $5.88 and its 200 day moving average price is $6.26.

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

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.