Nuveen LLC Makes New Investment in Aurora Innovation, Inc. $AUR

Key Points

• Nuveen LLC acquired a new stake of approximately 2.55 million shares in Aurora Innovation, Inc. valued at about $17.15 million, representing around 0.15% of the company's stock.
• Director John J. Donahoe purchased 162,337 shares of Aurora Innovation at a total cost of around $990,256, while Director Gloria R. Boyland sold 46,097 shares, decreasing her ownership by 12.24%.
• Aurora Innovation's stock has experienced price target increases from multiple analysts, with Canaccord Genuity raising their target to $15.00 and maintaining a "buy" rating.

Nuveen LLC purchased a new stake in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,550,471 shares of the company's stock, valued at approximately $17,152,000. Nuveen LLC owned 0.15% of Aurora Innovation as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Toyota Motor Corp acquired a new stake in Aurora Innovation in the 4th quarter valued at $298,294,000. Uber Technologies Inc acquired a new stake in Aurora Innovation during the 4th quarter worth $2,053,632,000. Cornerstone Wealth Management LLC boosted its stake in Aurora Innovation by 153.3% during the 1st quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock worth $1,247,000 after purchasing an additional 112,237 shares during the last quarter. Lightspeed Management Company L.L.C. acquired a new stake in Aurora Innovation during the 4th quarter worth $74,003,000. Finally, Teacher Retirement System of Texas acquired a new stake in Aurora Innovation during the 1st quarter worth $929,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Ratings Changes

AUR has been the topic of several recent research reports. Canaccord Genuity Group lifted 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. Needham & Company LLC lifted 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. Finally, The Goldman Sachs Group lifted 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded up $0.17 during trading on Friday, hitting $6.02. 18,904,438 shares of the company were exchanged, compared to its average volume of 23,385,324. Aurora Innovation, Inc. has a 12-month low of $3.61 and a 12-month high of $10.77. The company has a fifty day moving average price of $5.80 and a 200-day moving average price of $6.46. The firm has a market capitalization of $11.11 billion, a PE ratio of -12.81 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts' expectations of $0.50 million. Research analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director John J. Donahoe bought 162,337 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the purchase, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's 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 completion of the transaction, the director directly owned 330,425 shares of the company's stock, valued at $1,956,116. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is owned by corporate 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.