Clare Market Investments LLC Raises Position in Aurora Innovation, Inc. $AUR

Key Points

• Clare Market Investments LLC raised its position in Aurora Innovation, Inc. by 17.8%, owning a total of 813,133 shares valued at approximately $4.26 million, making it the firm's 22nd largest holding.
• Several institutional investors, including Vanguard Group and Durable Capital Partners, also increased their stakes in Aurora Innovation, leading to 44.71% of the company's stock now held by institutional and hedge funds.
• Aurora Innovation reported quarterly earnings surpassing analyst estimates, with earnings per share at ($0.11) and a revenue of $1 million, compared to expectations of $0.50 million.

Clare Market Investments LLC grew its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 17.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 813,133 shares of the company's stock after buying an additional 122,575 shares during the period. Aurora Innovation accounts for about 0.9% of Clare Market Investments LLC's holdings, making the stock its 22nd biggest holding. Clare Market Investments LLC's holdings in Aurora Innovation were worth $4,261,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AUR. Ameriprise Financial Inc. grew its position in shares of Aurora Innovation by 3,760.7% in the fourth quarter. Ameriprise Financial Inc. now owns 799,773 shares of the company's stock valued at $5,039,000 after purchasing an additional 779,057 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Aurora Innovation in the fourth quarter valued at approximately $719,000. Cetera Investment Advisers purchased a new position in Aurora Innovation in the fourth quarter worth approximately $117,000. Focus Partners Wealth increased its stake in Aurora Innovation by 26.1% during the fourth quarter. Focus Partners Wealth now owns 20,785 shares of the company's stock worth $131,000 after acquiring an additional 4,306 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in Aurora Innovation by 122.2% in the fourth quarter. Nomura Holdings Inc. now owns 46,745 shares of the company's stock valued at $294,000 after purchasing an additional 25,710 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock traded down $0.08 during trading hours on Monday, hitting $5.98. The company's stock had a trading volume of 11,217,693 shares, compared to its average volume of 19,366,346. The firm has a fifty day moving average of $5.99 and a 200-day moving average of $6.18. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of -12.72 and a beta of 2.48. Aurora Innovation, Inc. has a twelve month low of $4.75 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $0.50 million. On average, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In other news, Director John J. Donahoe acquired 162,337 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the acquisition, the director owned 162,337 shares of the company's stock, valued at $990,255.70. This represents 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 the SEC website. 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.