Connor Clark & Lunn Investment Management Ltd. Makes New $1.60 Million Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 237,262 shares of the company's stock, valued at approximately $1,596,000.

Several other hedge funds have also added to or reduced their stakes in AUR. Uber Technologies Inc bought a new position in shares of Aurora Innovation during the fourth quarter valued at about $2,053,632,000. Toyota Motor Corp bought a new position in shares of Aurora Innovation during the fourth quarter valued at about $298,294,000. Lightspeed Management Company L.L.C. bought a new position in shares of Aurora Innovation during the fourth quarter valued at about $74,003,000. Price T Rowe Associates Inc. MD raised its stake in shares of Aurora Innovation by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock valued at $168,030,000 after acquiring an additional 3,237,609 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock valued at $776,155,000 after acquiring an additional 2,392,995 shares during the last quarter. 44.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped their price objective 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. Finally, Needham & Company LLC upped their price objective on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Aurora Innovation has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Price Performance

AUR stock opened at $6.39 on Friday. Aurora Innovation, Inc. has a 1 year low of $3.40 and a 1 year high of $10.77. The company has a market cap of $11.79 billion, a P/E ratio of -13.60 and a beta of 2.49. The firm has a 50-day moving average of $5.77 and a 200 day moving average of $6.50.

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, topping analysts' consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director owned 330,425 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, Director John J. Donahoe acquired 162,337 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was acquired 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 approximately $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 11.85% of the stock is currently owned by corporate insiders.

Aurora Innovation 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.