654,608 Shares in Aurora Innovation, Inc. $AUR Purchased by Clare Market Investments LLC

Clare Market Investments LLC bought a new position in Aurora Innovation, Inc. (NASDAQ:AUR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 654,608 shares of the company’s stock, valued at approximately $2,697,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Aurora Innovation during the fourth quarter worth approximately $35,000. Danske Bank A S bought a new stake in Aurora Innovation during the 3rd quarter valued at $36,000. Eurizon Capital SGR S.p.A. acquired a new position in Aurora Innovation during the 4th quarter worth $39,000. Stonebridge Financial Group LLC MO bought a new position in shares of Aurora Innovation in the fourth quarter worth $40,000. Finally, Equitable Holdings Inc. acquired a new position in shares of Aurora Innovation during the fourth quarter valued at $41,000. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Trading Down 3.2%

AUR stock opened at $6.58 on Tuesday. The firm has a market cap of $12.90 billion, a PE ratio of -15.01 and a beta of 2.63. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The company has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $5.20.

Aurora Innovation (NASDAQ:AUR) last posted its 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 net margin of 20,775.00% and a negative return on equity of 40.45%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation’s revenue was down 66.7% compared to the same quarter last year. As a group, analysts forecast that Aurora Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AUR. The Goldman Sachs Group increased their target price on shares of Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. TD Cowen upped their target price on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a report on Thursday, May 7th. Northland Securities assumed coverage on shares of Aurora Innovation in a report on Friday, May 29th. They set an “outperform” rating and a $11.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.25.

Insider Buying and Selling

In other Aurora Innovation news, Director David M. Wehner acquired 82,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $6.04 per share, with a total value of $498,300.00. Following the transaction, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 5,498,487 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47. Following the transaction, the director owned 77,500 shares of the company’s stock, valued at approximately $605,275. This trade represents a 98.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,048,487 shares of company stock worth $54,295,119. Insiders own 8.52% of the company’s stock.

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.