Dockside LLC Makes New Investment in Aurora Innovation, Inc. $AUR

Dockside LLC bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 119,577 shares of the company’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AUR. Danske Bank A S purchased a new position in shares of Aurora Innovation in the third quarter valued at approximately $36,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC MO purchased a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $40,000. Simplify Asset Management Inc. purchased a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $42,000. Finally, Summit Financial Wealth Advisors LLC purchased a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 1,202,354 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 7,048,487 shares of company stock valued at $54,295,119 over the last ninety days. 8.52% of the stock is currently owned by company insiders.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.13 on Monday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The stock has a market cap of $12.02 billion, a PE ratio of -13.93 and a beta of 2.62. The stock has a 50 day moving average price of $6.07 and a 200 day moving average price of $4.96.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The firm had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $0.97 million. The business’s quarterly revenue was down 66.7% on a year-over-year basis. As a group, analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AUR. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price on the stock. Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group raised their target price on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, TD Cowen raised their target price on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.25.

Aurora Innovation 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.