Moloney Securities Asset Management LLC Acquires New Holdings in Aurora Innovation, Inc. $AUR

Key Points

• Moloney Securities Asset Management LLC has acquired a new stake in Aurora Innovation, purchasing 84,100 shares valued at approximately $441,000.
• Aurora Innovation is currently rated as a "Hold" by analysts, with a consensus target price of $10.75, despite receiving a "sell (d-)" rating from Weiss Ratings.
• Insider activity includes Director John J. Donahoe purchasing 162,337 shares at an average price of $6.10, while Director Brittany Bagley sold 50,000 shares at an average price of $5.39.

Moloney Securities Asset Management LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 84,100 shares of the company's stock, valued at approximately $441,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its stake in shares of Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC grew its holdings in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock worth $40,000 after acquiring an additional 3,527 shares during the period. Farther Finance Advisors LLC grew its holdings in Aurora Innovation by 463.3% during 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 period. PNC Financial Services Group Inc. grew its holdings in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock worth $52,000 after acquiring an additional 2,085 shares during the period. Finally, Autumn Glory Partners LLC acquired a new position in Aurora Innovation during the second quarter worth about $52,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aurora Innovation presently has a consensus rating of "Hold" and an average target price of $10.75.

Insider Activity at Aurora Innovation

In related news, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the purchase, the director owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brittany Bagley sold 50,000 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the sale, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by insiders.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $5.15 on Friday. Aurora Innovation, Inc. has a fifty-two week low of $4.75 and a fifty-two week high of $10.77. The stock's 50-day moving average is $5.61 and its two-hundred day moving average is $5.95. The stock has a market cap of $9.50 billion, a PE ratio of -10.96 and a beta of 2.45.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.50 million. On average, equities research analysts anticipate 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.

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