Resolute Advisors LLC Lowers Stock Holdings in Aurora Innovation, Inc. $AUR

Key Points

• Resolute Advisors LLC has significantly reduced its holdings in Aurora Innovation, Inc. by 79.3%, now owning 19,571 shares valued at approximately $132,000.
• Insider transactions included Director Gloria R. Boyland selling 46,097 shares at an average price of $5.92, while Director John J. Donahoe purchased 162,337 shares at $6.10 each.
• Aurora Innovation's stock has seen price target upgrades, with Canaccord Genuity raising it to $15.00 and multiple analysts issuing a "buy" rating, indicating a generally optimistic outlook.

Resolute Advisors LLC decreased its holdings in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 79.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,571 shares of the company's stock after selling 74,998 shares during the period. Resolute Advisors LLC's holdings in Aurora Innovation were worth $132,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AUR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Aurora Innovation in the first quarter worth about $32,000. Signaturefd LLC grew its holdings in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after purchasing an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised its holdings in Aurora Innovation by 147.3% during the 1st quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Aurora Innovation by 37.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the period. Finally, Summit Securities Group LLC increased its position in shares of Aurora Innovation by 467.8% in the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock valued at $68,000 after acquiring an additional 8,299 shares during the period. 44.71% of the stock is owned by institutional investors.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 46,097 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the transaction, the director directly owned 330,425 shares in the company, valued at $1,956,116. The trade was a 12.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John J. Donahoe purchased 162,337 shares of Aurora Innovation stock in a transaction dated Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the acquisition, the director owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $5.77 on Thursday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of -12.28 and a beta of 2.49. The business's 50 day moving average price is $5.78 and its 200-day moving average price is $6.48. Aurora Innovation, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $10.77.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AUR shares. Canaccord Genuity Group boosted their target price on Aurora Innovation from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. 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 report on Monday, May 12th. Finally, Needham & Company LLC raised their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the company a "buy" rating in a report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Aurora Innovation has an average rating of "Moderate Buy" and an average price target of $10.75.

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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