Aurora Innovation, Inc. $AUR Stock Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 317.6% during the first quarter, HoldingsChannel reports. The fund owned 638,998 shares of the company’s stock after purchasing an additional 485,972 shares during the quarter. Quantinno Capital Management LP’s holdings in Aurora Innovation were worth $2,633,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at $36,000. Garton & Associates Financial Advisors LLC bought a new position in Aurora Innovation in the 4th quarter worth approximately $35,000. Eurizon Capital SGR S.p.A. acquired a new position in Aurora Innovation during the 4th quarter valued at $39,000. Kestra Private Wealth Services LLC acquired a new position in shares of Aurora Innovation during the third quarter valued at about $55,000. Finally, Stonebridge Financial Group LLC MO acquired a new stake in shares of Aurora Innovation during the 4th quarter worth approximately $40,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $7.06 on Monday. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The stock has a 50-day simple moving average of $6.43 and a 200 day simple moving average of $5.55. The company has a market cap of $14.15 billion, a PE ratio of -15.02 and a beta of 2.64.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The business had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.66 million. During the same period last year, the firm earned ($0.11) earnings per share. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. On average, research analysts predict that Aurora Innovation, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 1,202,354 shares of Aurora Innovation stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Wehner bought 82,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $6.04 per share, for a total transaction of $498,300.00. Following the transaction, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 7,228,269 shares of company stock worth $55,566,177 over the last quarter. 8.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AUR has been the subject of several research reports. Northland Securities assumed coverage on Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $12.00 price objective on shares of Aurora Innovation in a report on Thursday, July 23rd. TD Cowen lifted their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Craig Hallum began coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Aurora Innovation has a consensus rating of “Hold” and an average price target of $12.22.

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.