California State Teachers Retirement System Has $5.52 Million Stake in Aurora Innovation, Inc. $AUR

Key Points

• California State Teachers Retirement System increased its Aurora Innovation stake by 24.6% in the first quarter, bringing its holdings to 1.34 million shares worth approximately $5.52 million. Institutional investors collectively own 44.71% of AUR.
• Aurora reported quarterly revenue of $2.0 million, up 100% year over year, but missed earnings expectations with a loss of $0.14 per share versus the consensus loss of $0.12.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $12.22. Insider activity was also mixed: a director bought 82,500 shares, while insiders sold 7.05 million shares worth about $54.3 million during the quarter.

California State Teachers Retirement System boosted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 24.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,338,768 shares of the company's stock after buying an additional 263,978 shares during the quarter. California State Teachers Retirement System owned approximately 0.07% of Aurora Innovation worth $5,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AUR. Danske Bank A S acquired a new position in Aurora Innovation in the third quarter valued at $36,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Aurora Innovation during the 4th quarter worth approximately $35,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $39,000. Kestra Private Wealth Services LLC acquired a new stake in Aurora Innovation in the third quarter valued at approximately $55,000. Finally, Stonebridge Financial Group LLC MO acquired a new stake in Aurora Innovation in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.78 on Friday. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of -14.43 and a beta of 2.64. The business's fifty day moving average is $6.43 and its 200 day moving average is $5.53.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company had revenue of $2.00 million for the quarter, compared to analysts' expectations of $1.66 million. During the same period in the previous year, the firm earned ($0.11) EPS. The firm's quarterly revenue was up 100.0% compared to the same quarter last year. Equities analysts predict that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AUR. Craig Hallum started coverage on shares of Aurora Innovation in a report on Friday, June 5th. They set a "buy" rating and a $18.00 price objective for the company. Needham & Company LLC restated a "buy" rating and issued a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a research report on Friday, July 17th. Wall Street Zen lowered Aurora Innovation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group increased their price target on Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.22.

Insider Activity at Aurora Innovation

In other news, Director David M. Wehner purchased 82,500 shares of the business's stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $6.04 per share, with a total value of $498,300.00. Following the acquisition, the director directly owned 246,519 shares in the company, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reid Hoffman sold 1,202,354 shares of Aurora Innovation stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $7.27, for a total value of $8,741,113.58. The SEC filing for this sale provides additional information. Insiders sold a total of 7,048,487 shares of company stock worth $54,295,119 over the last quarter. Corporate insiders own 8.52% of the company's stock.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company's core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.

Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source