Quantbot Technologies LP Takes $3.60 Million Position in Aurora Innovation, Inc. $AUR

Quantbot Technologies LP purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 687,173 shares of the company’s stock, valued at approximately $3,601,000.

A number of other institutional investors have also recently bought and sold shares of AUR. Farther Finance Advisors LLC lifted its position in shares of Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after buying an additional 6,264 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Aurora Innovation by 37.2% during the 1st 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 during the last quarter. Autumn Glory Partners LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at $52,000. Evolution Wealth Advisors LLC acquired a new stake in Aurora Innovation during the 2nd quarter valued at $52,000. Finally, Legacy Financial Strategies LLC acquired a new stake in Aurora Innovation during the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Trading Up 1.3%

Shares of AUR stock opened at $4.57 on Friday. The stock has a market cap of $8.84 billion, a P/E ratio of -10.16 and a beta of 2.46. The stock has a 50 day simple moving average of $4.75 and a 200 day simple moving average of $5.45. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year 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, topping 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 business earned ($0.13) EPS. Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analyst Upgrades and Downgrades

AUR has been the topic of several research reports. Cowen reiterated a “hold” rating on shares of Aurora Innovation in a report on Thursday, October 30th. The Goldman Sachs Group decreased their price target on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. TD Cowen lowered their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.06.

Insiders Place Their Bets

In related news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares of the company’s stock, valued at $2,147,225.08. The trade was 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 through this link. Also, CEO Christopher Urmson acquired 258,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the transaction, the chief executive officer directly owned 258,000 shares of the company’s stock, valued at $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 11.85% of the stock is currently owned by company insiders.

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.