Aurora Innovation (NASDAQ:AUR) Director David Wehner Acquires 82,500 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director David Wehner acquired 82,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $6.04 per share, with a total value of $498,300.00. Following the completion of the transaction, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. This represents a 50.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $6.39 on Tuesday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The company has a market cap of $12.53 billion, a PE ratio of -14.52 and a beta of 2.62. The business has a 50-day simple moving average of $6.12 and a 200-day simple moving average of $4.97.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. The firm’s quarterly revenue was down 66.7% on a year-over-year basis. On average, sell-side analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in Aurora Innovation by 6.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after purchasing an additional 16,933,373 shares during the last quarter. Vanguard Group Inc. lifted its stake in Aurora Innovation by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock worth $616,579,000 after purchasing an additional 17,818,179 shares during the last quarter. Capital Research Global Investors lifted its stake in Aurora Innovation by 35.9% during the third quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock worth $384,299,000 after purchasing an additional 18,820,542 shares during the last quarter. Bank of America Corp DE lifted its stake in Aurora Innovation by 130.0% during the first quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after purchasing an additional 16,975,927 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Aurora Innovation by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock valued at $82,535,000 after buying an additional 1,498,515 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

AUR has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Craig Hallum began coverage on Aurora Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $18.00 target price for the company. TD Cowen boosted their target price on Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their target price on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Aurora Innovation currently has a consensus rating of “Hold” and an average price target of $12.25.

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.