Public Employees Retirement System of Ohio bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 343,311 shares of the company’s stock, valued at approximately $2,341,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new position in shares of Aurora Innovation in the 4th quarter worth about $35,000. Danske Bank A S bought a new stake in Aurora Innovation during the third quarter worth about $36,000. Eurizon Capital SGR S.p.A. purchased a new stake in Aurora Innovation in the fourth quarter worth about $39,000. Stonebridge Financial Group LLC MO purchased a new stake in Aurora Innovation in the fourth quarter worth about $40,000. Finally, Equitable Holdings Inc. bought a new position in shares of Aurora Innovation during the fourth quarter valued at approximately $41,000. 44.71% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Aurora Innovation
In other Aurora Innovation news, Director David M. Wehner purchased 82,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $6.04 per share, for a total transaction of $498,300.00. Following the completion of the purchase, the director directly owned 246,519 shares of the company’s stock, valued at $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 2,842,682 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $7.00, for a total value of $19,898,774.00. The SEC filing for this sale provides additional information. Insiders sold a total of 6,390,753 shares of company stock worth $44,826,378 over the last ninety days. 8.52% of the stock is currently owned by insiders.
Aurora Innovation Stock Performance
Aurora Innovation (NASDAQ:AUR – Get Free Report) last issued its earnings results 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 firm had revenue of $2.00 million during the quarter, compared to the consensus estimate of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company’s quarterly revenue was up 100.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. As a group, equities research analysts forecast that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a report on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 price target on shares of Aurora Innovation in a research note on Thursday, July 23rd. Northland Securities assumed coverage on Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 price objective for the company. Craig Hallum initiated coverage on Aurora Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Wall Street Zen cut Aurora Innovation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.22.
Get Our Latest Analysis on Aurora Innovation
Aurora Innovation Company Profile
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.
Read More
- Five stocks we like better than Aurora Innovation
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR – Free Report).
Receive News & Ratings for Aurora Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Innovation and related companies with MarketBeat.com's FREE daily email newsletter.
