Aurora Innovation, Inc. $AUR Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lowered its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 596,788 shares of the company’s stock after selling 14,450 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Aurora Innovation were worth $3,127,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. United Bank increased its position in shares of Aurora Innovation by 17.0% in the first quarter. United Bank now owns 13,064 shares of the company’s stock worth $88,000 after acquiring an additional 1,900 shares in the last quarter. Grimes & Company Inc. increased its position in shares of Aurora Innovation by 18.2% in the second quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock worth $68,000 after acquiring an additional 2,000 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Aurora Innovation by 3.0% in the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company’s stock worth $475,000 after acquiring an additional 2,061 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Aurora Innovation by 37.2% in 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Aurora Innovation by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after acquiring an additional 2,774 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction 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 purchase, the director directly owned 162,337 shares of the company’s stock, valued at $990,255.70. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brittany Bagley sold 50,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the transaction, the director owned 398,372 shares in the company, valued at $2,147,225.08. This trade represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.85% of the company’s stock.

Aurora Innovation Trading Down 3.6%

Shares of AUR stock opened at $5.05 on Tuesday. The company has a market capitalization of $9.32 billion, a PE ratio of -11.22 and a beta of 2.44. The firm has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.90. Aurora Innovation, Inc. has a twelve month low of $4.85 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same quarter last year, the company earned ($0.13) earnings per share. Equities research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. TD Cowen decreased their target price on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating for the company in a research note on Thursday, October 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and an average target price of $10.44.

Aurora Innovation Profile

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.