Public Employees Retirement System of Ohio Purchases New Shares in Aurora Innovation, Inc. $AUR

Key Points

• The Public Employees Retirement System of Ohio acquired a new stake in Aurora Innovation, purchasing 305,822 shares valued at approximately $1.6 million in Q2.
• Insider activity includes Director John J. Donahoe buying 162,337 shares for about $990,255, while another director, Brittany Bagley, sold 50,000 shares for approximately $269,500.
• Aurora Innovation's stock has a 52-week range of $4.75 to $10.77, and analysts have mixed ratings, with the consensus at "Hold" and a target price of $10.75.

Public Employees Retirement System of Ohio bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 305,822 shares of the company's stock, valued at approximately $1,603,000.

Several other large investors have also recently made changes to their positions in AUR. Cornerstone Wealth Management LLC increased its holdings in Aurora Innovation by 153.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 185,457 shares of the company's stock worth $1,247,000 after acquiring an additional 112,237 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Aurora Innovation in the 1st quarter worth about $929,000. Oppenheimer & Co. Inc. bought a new position in Aurora Innovation in the 1st quarter worth about $349,000. Bouvel Investment Partners LLC bought a new position in Aurora Innovation in the 2nd quarter worth about $697,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Aurora Innovation during the 1st quarter valued at about $706,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aurora Innovation news, Director John J. Donahoe purchased 162,337 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the purchase, the director directly owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brittany Bagley sold 50,000 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the sale, the director directly 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 owned by corporate insiders.

Aurora Innovation Stock Up 0.9%

Shares of AUR opened at $5.39 on Friday. The business has a 50-day simple moving average of $5.87 and a two-hundred day simple moving average of $6.11. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of -11.47 and a beta of 2.45. Aurora Innovation, Inc. has a 52 week low of $4.75 and a 52 week high of $10.77.

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aurora Innovation in a research note on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.75.

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.

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