Aurora Innovation (NASDAQ:AUR) Director Purchases $498,300.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director David Wehner bought 82,500 shares of Aurora Innovation stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $6.04 per share, with a total value of $498,300.00. Following the completion of the transaction, the director directly 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Aurora Innovation Price Performance

Shares of AUR traded up $0.19 during mid-day trading on Monday, reaching $6.32. The stock had a trading volume of 7,256,138 shares, compared to its average volume of 22,695,943. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The business’s fifty day moving average is $6.07 and its 200 day moving average is $4.96. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of -14.38 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last announced 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. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.97 million. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AUR. Royal Bank of Canada boosted its stake in Aurora Innovation by 35.7% during the first quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock worth $1,530,000 after buying an additional 59,801 shares during the period. AQR Capital Management LLC boosted its stake in Aurora Innovation by 9.4% during the first quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock worth $1,118,000 after buying an additional 14,220 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Aurora Innovation by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock valued at $13,764,000 after purchasing an additional 127,953 shares during the period. Envestnet Asset Management Inc. boosted its stake 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 valued at $172,000 after purchasing an additional 2,774 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Aurora Innovation by 66.5% in the second quarter. Cetera Investment Advisers now owns 112,351 shares of the company’s stock valued at $589,000 after purchasing an additional 44,867 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a report on Monday, April 20th. The Goldman Sachs Group upped their price objective on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Morgan Stanley reissued an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, TD Cowen increased their target price on shares of Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.25.

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.