Strs Ohio Buys Shares of 110,900 Aurora Innovation, Inc. $AUR

Key Points

• Strs Ohio has made a $746,000 investment in Aurora Innovation, acquiring 110,900 shares of the company during the first quarter.
• Aurora Innovation reported $1.00 million in revenue for its last quarter, exceeding analyst expectations of $0.50 million.
• Several institutional investors have increased their stakes in Aurora, with Vanguard Group now owning 115.4 million shares valued at $776.2 million.

Strs Ohio bought a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 110,900 shares of the company's stock, valued at approximately $746,000.

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

Insiders Place Their Bets

In other news, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the transaction, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 11.85% of the stock is currently owned by company insiders.

Aurora Innovation Stock Up 2.9%

NASDAQ:AUR traded up $0.18 during midday trading on Tuesday, reaching $6.16. The stock had a trading volume of 1,849,345 shares, compared to its average volume of 19,278,521. The firm has a fifty day simple moving average of $5.99 and a two-hundred day simple moving average of $6.17. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The stock has a market cap of $11.36 billion, a P/E ratio of -13.12 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share 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. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share 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.