Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) Director David Wehner purchased 82,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $6.04 per share, for a total transaction of $498,300.00. Following the completion of the transaction, the director owned 246,519 shares in the company, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Aurora Innovation Trading Down 1.5%
AUR opened at $6.05 on Thursday. The stock has a market cap of $11.87 billion, a PE ratio of -13.75 and a beta of 2.62. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The stock’s 50 day simple moving average is $6.19 and its 200-day simple moving average is $5.00.
Aurora Innovation (NASDAQ:AUR – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm’s quarterly revenue was down 66.7% on a year-over-year basis. Equities analysts forecast that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Aurora Innovation
Hedge Funds Weigh In On Aurora Innovation
Institutional investors and hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new position in Aurora Innovation in the fourth quarter worth $35,000. Danske Bank A S acquired a new position in Aurora Innovation in the third quarter worth $36,000. Eurizon Capital SGR S.p.A. acquired a new position in Aurora Innovation in the fourth quarter worth $39,000. Stonebridge Financial Group LLC MO acquired a new position in Aurora Innovation in the fourth quarter worth $40,000. Finally, Equitable Holdings Inc. acquired a new position in Aurora Innovation in the fourth quarter worth $41,000. Institutional investors and hedge funds own 44.71% of the company’s stock.
About Aurora Innovation
Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.
The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.
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