Moody Aldrich Partners LLC Makes New Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Moody Aldrich Partners LLC bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 142,854 shares of the company's stock, valued at approximately $961,000.

Several other institutional investors also recently bought and sold shares of AUR. Twin Tree Management LP raised its position in shares of Aurora Innovation by 217.2% in the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after acquiring an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Aurora Innovation during the first quarter worth about $32,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 3,527 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in Aurora Innovation during the 4th quarter valued at about $65,000. Finally, Bank of Montreal Can purchased a new stake in Aurora Innovation during the 4th quarter valued at about $66,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Shares of AUR stock traded down $0.19 during mid-day trading on Monday, hitting $5.11. The stock had a trading volume of 15,795,831 shares, compared to its average volume of 14,817,330. Aurora Innovation, Inc. has a fifty-two week low of $2.87 and a fifty-two week high of $10.77. The firm has a market cap of $9.04 billion, a PE ratio of -10.65 and a beta of 2.48. The company's 50-day simple moving average is $6.16 and its 200-day simple moving average is $6.68.

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

Analyst Ratings Changes

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

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the firm'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 sale, the director owned 330,425 shares in the company, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.85% of the stock is owned by company insiders.

Aurora Innovation 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.