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 and Exchange Commission. The institutional investor acquired 105,000 shares of the company's stock, valued at approximately $706,000.

Several other large investors have also added to or reduced their stakes in AUR. Uber Technologies Inc purchased a new position in shares of Aurora Innovation in the 4th quarter worth about $2,053,632,000. Toyota Motor Corp bought a new stake in Aurora Innovation in the 4th quarter worth approximately $298,294,000. Lightspeed Management Company L.L.C. purchased a new stake in Aurora Innovation in the fourth quarter worth approximately $74,003,000. Norges Bank bought a new position in Aurora Innovation during the fourth quarter valued at approximately $45,772,000. Finally, 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 worth $168,030,000 after acquiring an additional 3,237,609 shares in the last quarter. Institutional investors own 44.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AUR shares. 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. Needham & Company LLC increased their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Oppenheimer initiated coverage on Aurora Innovation in a report on Thursday, March 27th. They set an "outperform" rating and a $15.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Aurora Innovation Price Performance

AUR stock remained flat at $6.17 during mid-day trading on Tuesday. 15,254,314 shares of the company's stock traded hands, compared to its average volume of 15,027,392. The company has a market capitalization of $10.91 billion, a P/E ratio of -12.85 and a beta of 2.48. The firm's 50-day moving average price is $5.78 and its 200-day moving average price is $6.60. Aurora Innovation, Inc. has a 1-year low of $3.25 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.01). On average, research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the business'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 completion of the transaction, the director directly owned 330,425 shares in the company, valued at approximately $1,956,116. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.85% of the stock is owned by company insiders.

About Aurora Innovation

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.