Aurora Innovation, Inc. $AUR Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 76.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,140 shares of the company’s stock after purchasing an additional 20,050 shares during the quarter. Praxis Investment Management Inc.’s holdings in Aurora Innovation were worth $242,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Aurora Innovation in the 1st quarter valued at $929,000. Oppenheimer & Co. Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at $349,000. Bouvel Investment Partners LLC acquired a new position in Aurora Innovation in the 2nd quarter valued at $697,000. Hussman Strategic Advisors Inc. acquired a new position in Aurora Innovation in the 1st quarter valued at $706,000. Finally, Durable Capital Partners LP grew its holdings in Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after buying an additional 2,165,114 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director owned 398,372 shares of the company’s stock, valued at $2,147,225.08. This represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John J. Donahoe purchased 162,337 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $6.10 per share, for a total transaction of $990,255.70. Following the purchase, the director owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.75.

Aurora Innovation Stock Down 2.1%

Shares of NASDAQ:AUR opened at $5.12 on Monday. The business has a fifty day moving average of $5.74 and a two-hundred day moving average of $5.97. The stock has a market cap of $9.45 billion, a P/E ratio of -10.89 and a beta of 2.45. Aurora Innovation, Inc. has a 52-week low of $4.75 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.49 earnings per share for the current 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.