Rhumbline Advisers Decreases Stake in Aurora Innovation, Inc. $AUR

Rhumbline Advisers lessened its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 42.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 816,588 shares of the company’s stock after selling 593,448 shares during the period. Rhumbline Advisers’ holdings in Aurora Innovation were worth $4,279,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AUR. Grimes & Company Inc. raised its position in shares of Aurora Innovation by 18.2% in the second quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock valued at $68,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC grew its stake in Aurora Innovation by 4.4% during the 2nd quarter. Western Wealth Management LLC now owns 47,930 shares of the company’s stock valued at $251,000 after acquiring an additional 2,000 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after acquiring an additional 2,085 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Aurora Innovation by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock worth $172,000 after purchasing an additional 2,774 shares in the last quarter. Finally, Abel Hall LLC boosted its holdings in shares of Aurora Innovation by 26.5% during the 2nd quarter. Abel Hall LLC now owns 20,054 shares of the company’s stock worth $105,000 after purchasing an additional 4,207 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Activity at Aurora Innovation

In other news, Director Brittany Bagley sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the transaction, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Urmson acquired 258,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the transaction, the chief executive officer directly owned 258,000 shares in the company, valued at $1,001,040. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 11.85% of the company’s stock.

Aurora Innovation Trading Down 2.4%

NASDAQ AUR opened at $4.46 on Friday. The stock has a fifty day simple moving average of $4.73 and a 200-day simple moving average of $5.44. The stock has a market cap of $8.63 billion, a PE ratio of -9.91 and a beta of 2.46. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.23 million. During the same quarter last year, the firm posted ($0.13) earnings per share. Research analysts predict that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Analysts Set New Price Targets

AUR has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. TD Cowen reduced their price target on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Aurora Innovation has a consensus rating of “Hold” and a consensus price target of $10.06.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.