Police & Firemen s Retirement System of New Jersey Buys 170,100 Shares of Aurora Innovation, Inc. $AUR

Key Points

• Police & Firemen's Retirement System of New Jersey boosted its stake in Aurora Innovation by 83%, buying 170,100 shares to hold 374,993 shares worth about $1.97 million.
• Director Brittany Bagley sold 50,000 shares at $5.39 (a roughly 11.15% reduction in her holdings); company insiders now own 11.85% of the stock.
• Analyst sentiment is mixed—five Buys, five Holds and two Sells—giving an average "Hold" rating and a consensus target price of $10.44, while institutional investors own 44.71% of the company.

Police & Firemen s Retirement System of New Jersey raised its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 83.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374,993 shares of the company's stock after purchasing an additional 170,100 shares during the quarter. Police & Firemen s Retirement System of New Jersey's holdings in Aurora Innovation were worth $1,965,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AUR. Grimes & Company Inc. lifted its stake in Aurora Innovation by 18.2% in the 2nd quarter. Grimes & Company Inc. now owns 13,000 shares of the company's stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Aurora Innovation by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company's stock worth $172,000 after buying an additional 2,774 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Aurora Innovation by 208.0% in the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after acquiring an additional 3,568 shares during the last quarter. Finally, Abel Hall LLC raised its position in Aurora Innovation by 26.5% during the second quarter. Abel Hall LLC now owns 20,054 shares of the company's stock valued at $105,000 after purchasing an additional 4,207 shares during the period. Institutional investors own 44.71% of the company's stock.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AUR. Cowen reaffirmed a "hold" rating on shares of Aurora Innovation in a research note on Thursday, October 30th. Oppenheimer reiterated an "outperform" rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. UBS Group restated an "underperform" rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $10.44.

Aurora Innovation Price Performance

Shares of AUR opened at $3.83 on Thursday. The company's fifty day moving average price is $5.15 and its 200-day moving average price is $5.69. Aurora Innovation, Inc. has a 1-year low of $3.68 and a 1-year high of $10.77. The firm has a market capitalization of $7.41 billion, a PE ratio of -8.51 and a beta of 2.44.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.23 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. As a group, research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

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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