Aurora Innovation, Inc. $AUR Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,709,543 shares of the company’s stock after selling 98,789 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.14% of Aurora Innovation worth $10,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AUR. Danske Bank A S acquired a new position in Aurora Innovation during the 3rd quarter valued at approximately $36,000. Eurizon Capital SGR S.p.A. bought a new stake in Aurora Innovation during the 4th quarter valued at $39,000. Stonebridge Financial Group LLC MO bought a new stake in Aurora Innovation during the 4th quarter valued at $40,000. Simplify Asset Management Inc. bought a new stake in Aurora Innovation during the 4th quarter valued at $42,000. Finally, Summit Financial Wealth Advisors LLC bought a new stake in Aurora Innovation during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Down 0.8%

Shares of Aurora Innovation stock opened at $6.26 on Tuesday. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of -14.23 and a beta of 2.62. The business has a fifty day simple moving average of $5.91 and a 200-day simple moving average of $4.89. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $8.56.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share 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 $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The business’s revenue for the quarter was down 66.7% on a year-over-year basis. Analysts anticipate that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.25.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 1,202,354 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total value of $8,741,113.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 7,048,487 shares of company stock valued at $54,295,119 in the last ninety days. Corporate insiders own 8.52% of the company’s stock.

About Aurora Innovation

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.