Hussman Strategic Advisors Inc. Takes Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Hussman Strategic Advisors Inc. acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 105,000 shares of the company's stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AUR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the 1st quarter worth $32,000. Signaturefd LLC raised its stake in shares of Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after buying an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised 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 buying an additional 3,527 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Aurora Innovation during the 4th quarter worth $65,000. Finally, Retirement Planning Group LLC acquired a new position in shares of Aurora Innovation during the 1st quarter worth $70,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the completion of the sale, the director directly owned 330,425 shares in the company, valued at $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.85% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AUR shares. The Goldman Sachs Group boosted 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. Oppenheimer assumed coverage on shares of Aurora Innovation in a research note on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Canaccord Genuity Group lifted their price target on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC lifted their price target on Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Down 2.3%

NASDAQ:AUR traded down $0.15 during trading hours on Friday, reaching $6.26. The company had a trading volume of 13,100,829 shares, compared to its average volume of 14,989,338. The stock has a 50-day moving average of $5.81 and a two-hundred day moving average of $6.60. Aurora Innovation, Inc. has a one year low of $3.25 and a one year high of $10.77. The firm has a market capitalization of $11.07 billion, a PE ratio of -13.04 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). As a group, sell-side analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current 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.