Linden Advisors LP Makes New $4.02 Million Investment in Aurora Innovation, Inc. $AUR

Key Points

• Linden Advisors purchased a new stake of 767,161 shares of Aurora (NASDAQ:AUR) in Q2, valued at approximately $4.02 million.
• CEO Christopher Urmson acquired 258,000 shares on Nov. 25 at $3.88 each (about $1.00 million), materially increasing his personal stake.
• Aurora shares recently opened at $4.39 (down ~4.8%), the company has a market cap of $8.5 billion, and analysts carry a consensus "Hold" rating with an average price target of $10.06 amid mixed coverage.

Linden Advisors LP purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 767,161 shares of the company's stock, valued at approximately $4,020,000.

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock worth $40,000 after acquiring an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares during the last quarter. Autumn Glory Partners LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at $52,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Aurora Innovation during the 2nd quarter valued at $52,000. Finally, Summit Securities Group LLC increased its holdings in shares of Aurora Innovation by 467.8% during the 1st quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock worth $68,000 after buying an additional 8,299 shares during the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Aurora Innovation

In other news, CEO Christopher Urmson acquired 258,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the completion of the acquisition, the chief executive officer directly owned 258,000 shares in the company, valued at $1,001,040. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the sale, the director owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation Stock Down 4.8%

Shares of AUR opened at $4.39 on Friday. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of -9.76 and a beta of 2.46. The business's 50 day moving average is $4.65 and its two-hundred day moving average is $5.39. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. 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 $1.23 million. During the same quarter last year, the firm posted ($0.13) EPS. On average, equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AUR. UBS Group reiterated an "underperform" rating on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Canaccord Genuity Group reissued a "buy" rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer reaffirmed an "outperform" rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, TD Cowen decreased their price objective on shares of Aurora Innovation from $7.40 to $5.50 and set a "hold" rating for the company in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.06.

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.

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