Quantinno Capital Management LP Raises Holdings in Aurora Innovation, Inc. $AUR

Quantinno Capital Management LP raised its stake in Aurora Innovation, Inc. (NASDAQ:AURFree Report) by 317.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 638,998 shares of the company’s stock after buying an additional 485,972 shares during the period. Quantinno Capital Management LP’s holdings in Aurora Innovation were worth $2,633,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after purchasing an additional 17,818,179 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Aurora Innovation by 6.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock valued at $1,055,269,000 after purchasing an additional 16,933,373 shares during the last quarter. SC US Ttgp LTD. acquired a new position in Aurora Innovation in the fourth quarter valued at $33,830,000. Norges Bank purchased a new position in Aurora Innovation during the fourth quarter worth about $32,055,000. Finally, Squarepoint Ops LLC boosted its stake in Aurora Innovation by 3,256.1% in the 2nd quarter. Squarepoint Ops LLC now owns 6,753,259 shares of the company’s stock worth $35,387,000 after buying an additional 6,552,034 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Northland Securities initiated coverage on shares of Aurora Innovation in a report on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price for the company. Wall Street Zen downgraded shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 target price on shares of Aurora Innovation in a research report on Thursday, July 23rd. Craig Hallum initiated coverage on shares of Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, TD Cowen lifted their price target on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.22.

Get Our Latest Research Report on Aurora Innovation

Aurora Innovation Price Performance

Aurora Innovation stock opened at $7.06 on Monday. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of -15.02 and a beta of 2.64. The firm has a 50-day moving average price of $6.43 and a two-hundred day moving average price of $5.55.

Aurora Innovation (NASDAQ:AURGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $2.00 million during the quarter, compared to the consensus estimate of $1.66 million. Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The company’s revenue was up 100.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. Research analysts expect that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

Insider Buying and Selling at Aurora Innovation

In other news, Director Michelangelo Volpi sold 179,782 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $7.07, for a total transaction of $1,271,058.74. Following the completion of the transaction, the director owned 4,803 shares in the company, valued at approximately $33,957.21. This trade represents a 97.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David M. Wehner bought 82,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $6.04 per share, with a total value of $498,300.00. Following the completion of the purchase, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. The trade was a 50.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 7,228,269 shares of company stock valued at $55,566,177. 8.52% of the stock is owned by insiders.

Aurora Innovation Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Aurora Innovation (NASDAQ:AUR)

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