SC US Ttgp LTD. Invests $33.83 Million in Aurora Innovation, Inc. $AUR

SC US Ttgp LTD. bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,809,941 shares of the company’s stock, valued at approximately $33,830,000. Aurora Innovation accounts for 0.2% of SC US Ttgp LTD.’s holdings, making the stock its 13th largest holding. SC US Ttgp LTD. owned approximately 0.46% of Aurora Innovation as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Focus Partners Wealth boosted its position in shares of Aurora Innovation by 1.1% in the fourth quarter. Focus Partners Wealth now owns 1,029,559 shares of the company’s stock worth $3,954,000 after buying an additional 10,749 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $465,000. Dockside LLC purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $459,000. Eventide Asset Management LLC purchased a new stake in shares of Aurora Innovation in the fourth quarter worth about $73,000. Finally, Aigen Investment Management LP boosted its position in shares of Aurora Innovation by 88.6% in the fourth quarter. Aigen Investment Management LP now owns 92,342 shares of the company’s stock worth $355,000 after buying an additional 43,384 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,202,354 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total transaction of $8,741,113.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,048,487 shares of company stock worth $54,295,119 in the last 90 days. Corporate insiders own 8.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AUR. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Craig Hallum began coverage on Aurora Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $18.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. TD Cowen boosted their price target 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, Morgan Stanley reiterated an “overweight” rating and issued a $14.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.25.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $6.13 on Monday. Aurora Innovation, Inc. has a one year low of $3.60 and a one year high of $8.56. The business’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $4.96. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of -13.93 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $0.97 million. The business’s revenue for the quarter was down 66.7% on a year-over-year basis. On average, equities research analysts predict that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Aurora Innovation Company 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.