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

Moody Aldrich Partners LLC acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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. Jones Financial Companies Lllp boosted its holdings in Aurora Innovation by 1,681.6% in the 4th quarter. Jones Financial Companies Lllp now owns 24,051 shares of the company's stock worth $152,000 after buying an additional 22,701 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Aurora Innovation in the 4th quarter worth about $237,000. Charles Schwab Investment Management Inc. boosted its holdings in Aurora Innovation by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock worth $54,772,000 after buying an additional 269,120 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Aurora Innovation by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 120,485 shares of the company's stock worth $759,000 after buying an additional 8,194 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Aurora Innovation in the 4th quarter worth about $83,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen began coverage on Aurora Innovation in a report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Oppenheimer began 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 on the stock. Canaccord Genuity Group raised their target price on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC raised their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Up 2.2%

Shares of AUR stock traded up $0.12 during trading on Friday, hitting $5.29. 11,175,563 shares of the stock traded hands, compared to its average volume of 14,771,780. The firm's fifty day moving average price is $6.16 and its 200-day moving average price is $6.69. Aurora Innovation, Inc. has a 52-week low of $2.77 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its quarterly earnings results 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, equities research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Activity at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of Aurora Innovation stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the sale, the director owned 330,425 shares of the company's stock, valued at approximately $1,956,116. The trade was a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.85% of the company's stock.

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.