Cookson Peirce & Co. Inc. Sells 60,000 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in Aurora Innovation by 15%, owning 340,000 shares worth approximately $2.29 million after selling 60,000 shares.
• Major investors such as Uber Technologies Inc. and Toyota Motor Corp. have acquired significant stakes in Aurora Innovation, indicating strong institutional interest.
• Analysts have increased their price targets for Aurora Innovation, with Needham & Company and Canaccord Genuity setting targets of $13.00 and $15.00, respectively, reflecting a generally positive outlook on the stock.

Cookson Peirce & Co. Inc. cut its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,000 shares of the company's stock after selling 60,000 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Aurora Innovation were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC raised its position in shares of Aurora Innovation by 15.0% during the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after buying an additional 1,717 shares in the last quarter. United Bank raised its position in shares of Aurora Innovation by 17.0% during the 1st quarter. United Bank now owns 13,064 shares of the company's stock valued at $88,000 after buying an additional 1,900 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Aurora Innovation by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 70,652 shares of the company's stock valued at $475,000 after buying an additional 2,061 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 buying an additional 2,085 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Aurora Innovation by 3.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 98,238 shares of the company's stock valued at $619,000 after buying an additional 3,360 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Insider Transactions at Aurora Innovation

In related news, Director John J. Donahoe bought 162,337 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, with a total value of $990,255.70. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.85% of the company's stock.

Aurora Innovation Trading Up 1.5%

Shares of AUR stock traded up $0.10 during mid-day trading on Thursday, reaching $6.56. The stock had a trading volume of 18,356,353 shares, compared to its average volume of 20,888,710. The stock's 50-day moving average price is $5.76 and its two-hundred day moving average price is $6.50. Aurora Innovation, Inc. has a 52-week low of $3.40 and a 52-week high of $10.77. The firm has a market capitalization of $12.11 billion, a PE ratio of -13.96 and a beta of 2.49.

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

Analyst Ratings Changes

A number of brokerages recently commented on AUR. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

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.