Squarepoint Ops LLC Acquires Shares of 878,582 Aurora Innovation, Inc. (NASDAQ:AUR)

Squarepoint Ops LLC acquired a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 878,582 shares of the company's stock, valued at approximately $5,535,000. Squarepoint Ops LLC owned approximately 0.05% of Aurora Innovation at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of Aurora Innovation by 431.9% during the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after buying an additional 1,388,307 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company's stock worth $686,000 after purchasing an additional 88,821 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter worth approximately $95,000. Cornerstone Wealth Management LLC lifted its stake in Aurora Innovation by 64.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company's stock worth $461,000 after acquiring an additional 28,770 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new stake in Aurora Innovation in the 4th quarter valued at about $63,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Oppenheimer assumed coverage on Aurora Innovation in a research note on Thursday, March 27th. They set an "outperform" rating and a $15.00 price target on the stock. TD Cowen began coverage on Aurora Innovation in a research report on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective for the company. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI upped their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Aurora Innovation Stock Performance

Shares of AUR traded up $0.15 during mid-day trading on Thursday, hitting $6.26. The company's stock had a trading volume of 7,429,718 shares, compared to its average volume of 13,347,587. Aurora Innovation, Inc. has a one year low of $2.10 and a one year high of $10.77. The firm has a market capitalization of $11.06 billion, a PE ratio of -13.29 and a beta of 2.76. The stock's 50-day moving average is $6.66 and its two-hundred day moving average is $6.86.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Analysts expect 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.