Amova Asset Management Americas Inc. Sells 814,784 Shares of Aurora Innovation, Inc. $AUR

Amova Asset Management Americas Inc. reduced its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 11.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,439,145 shares of the company’s stock after selling 814,784 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Aurora Innovation were worth $24,726,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors increased its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. World Investment Advisors now owns 34,812 shares of the company’s stock worth $134,000 after purchasing an additional 2,406 shares during the period. Cerity Partners LLC grew its position in Aurora Innovation by 20.1% during the second quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock worth $77,000 after buying an additional 2,458 shares in the last quarter. Finivi Inc. grew its position in Aurora Innovation by 2.5% during the fourth quarter. Finivi Inc. now owns 104,911 shares of the company’s stock worth $403,000 after buying an additional 2,530 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Aurora Innovation by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after buying an additional 2,774 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Aurora Innovation by 21.5% during the third quarter. National Bank of Canada FI now owns 15,808 shares of the company’s stock worth $85,000 after buying an additional 2,797 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 5,498,487 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the transaction, the director directly owned 77,500 shares of the company’s stock, valued at $605,275. The trade was a 98.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 7,048,487 shares of company stock valued at $54,295,119. 8.52% of the stock is owned by insiders.

Aurora Innovation Price Performance

Shares of AUR opened at $6.16 on Wednesday. The company has a market capitalization of $12.08 billion, a P/E ratio of -14.00 and a beta of 2.62. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business’s 50 day simple moving average is $5.95 and its 200-day simple moving average is $4.91.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.Aurora Innovation’s revenue was down 66.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

AUR has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. TD Cowen lifted their target price on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Finally, Craig Hallum initiated coverage on Aurora Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.