Connor Clark & Lunn Investment Management Ltd. Buys 1,330,501 Shares of Aurora Innovation, Inc. $AUR

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 560.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,567,763 shares of the company’s stock after purchasing an additional 1,330,501 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Aurora Innovation worth $8,215,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AUR. Signaturefd LLC boosted its holdings in Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Aurora Innovation by 463.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after acquiring an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after purchasing an additional 2,085 shares during the period. Autumn Glory Partners LLC bought a new stake in Aurora Innovation in the second quarter valued at approximately $52,000. Finally, Summit Securities Group LLC increased its stake in Aurora Innovation by 467.8% in the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company’s stock valued at $68,000 after purchasing an additional 8,299 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Insider Buying and Selling at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the sale, the director directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AUR. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. UBS Group reiterated an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a report on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.44.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $4.23 on Thursday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of -9.40 and a beta of 2.44. The stock’s 50-day moving average is $5.32 and its 200-day moving average is $5.81. Aurora Innovation, Inc. has a one year low of $4.04 and a one year high of $10.77.

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

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.