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

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

Insider Buying and Selling

In other news, Director John J. Donahoe bought 162,337 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares in the company, valued at $990,255.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gloria R. Boyland sold 46,097 shares of the firm'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 sale, the director owned 330,425 shares in the company, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Finally, Needham & Company LLC lifted their price objective on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Performance

NASDAQ AUR traded down $0.0550 during mid-day trading on Monday, reaching $5.9650. 6,976,617 shares of the stock were exchanged, compared to its average volume of 19,525,607. Aurora Innovation, Inc. has a 1-year low of $3.81 and a 1-year high of $10.77. The business's fifty day simple moving average is $5.80 and its 200 day simple moving average is $6.46. The stock has a market capitalization of $11.01 billion, a PE ratio of -12.69 and a beta of 2.49.

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

Aurora Innovation Company 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.