Key Points
- Director David Wehner bought 82,500 shares of Aurora Innovation at $6.04 each, a transaction worth about $498,300, increasing his stake by 50.3% to 246,519 shares.
- Aurora Innovation shares rose 4.2% and opened at $6.39, while the stock remains below its 52-week high of $8.56 and above its 52-week low of $3.60.
- The company recently beat quarterly earnings expectations by a penny, but revenue was down 66.7% year over year; analysts currently have a Hold consensus with an average price target of $12.25.
Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director David Wehner acquired 82,500 shares of Aurora Innovation stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $6.04 per share, with a total value of $498,300.00. Following the purchase, the director owned 246,519 shares of the company's stock, valued at $1,488,974.76. The trade was a 50.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Aurora Innovation Trading Up 4.2%
Shares of NASDAQ AUR opened at $6.39 on Tuesday. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The stock has a 50 day moving average of $6.12 and a two-hundred day moving average of $4.97. The stock has a market cap of $12.53 billion, a P/E ratio of -14.52 and a beta of 2.62.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating 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 company had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.97 million. The company's quarterly revenue was down 66.7% on a year-over-year basis. As a group, research analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Ascent Wealth Partners LLC increased its holdings in shares of Aurora Innovation by 9.6% in the first quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company's stock valued at $65,000 after purchasing an additional 1,389 shares during the period. Gabelli Funds LLC grew its holdings in Aurora Innovation by 15.4% during the first quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock worth $62,000 after acquiring an additional 2,000 shares during the period. Abel Hall LLC grew its holdings in Aurora Innovation by 21.0% during the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company's stock worth $52,000 after acquiring an additional 2,356 shares during the period. World Investment Advisors grew its holdings in Aurora Innovation by 7.4% during the fourth quarter. World Investment Advisors now owns 34,812 shares of the company's stock worth $134,000 after acquiring an additional 2,406 shares during the period. Finally, Cerity Partners LLC grew its holdings 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 acquiring an additional 2,458 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.
Analysts Set New Price Targets
AUR has been the subject of a number of research reports. Northland Securities initiated coverage on Aurora Innovation in a research note on Friday, May 29th. They issued an "outperform" rating and a $11.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $4.00 to $5.00 and gave the company a "neutral" rating in a research note on Friday, April 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aurora Innovation in a report on Monday, April 20th. Morgan Stanley reissued an "overweight" rating and issued a $14.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. Finally, Craig Hallum initiated coverage on Aurora Innovation in a report on Friday, June 5th. They issued a "buy" rating and a $18.00 target price on the stock. Seven equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.25.
Get Our Latest Stock Report on AUR
Aurora Innovation Company Profile
(
Get Free Report)
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.
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