Aurora Innovation, Inc. $AUR Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 85.8% during the third quarter, Holdings Channel reports. The firm owned 25,037 shares of the company’s stock after selling 151,439 shares during the quarter. Strs Ohio’s holdings in Aurora Innovation were worth $135,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Aurora Innovation by 463.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock valued at $40,000 after purchasing an additional 6,264 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Aurora Innovation in the third quarter valued at approximately $44,000. Evolution Wealth Advisors LLC purchased a new stake in Aurora Innovation in the second quarter valued at approximately $52,000. Ervin Investment Management LLC acquired a new stake in shares of Aurora Innovation in the third quarter valued at approximately $54,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Aurora Innovation during the second quarter worth approximately $55,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Up 1.2%

Shares of NASDAQ:AUR opened at $4.12 on Wednesday. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $10.77. The firm’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $5.05. The company has a market cap of $7.97 billion, a price-to-earnings ratio of -9.16 and a beta of 2.47.

Insider Buying and Selling

In other Aurora Innovation news, CEO Christopher Urmson acquired 258,000 shares of the stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the acquisition, the chief executive officer owned 258,000 shares of the company’s stock, valued at $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.