Connor Clark & Lunn Investment Management Ltd. Takes $1.60 Million Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 237,262 shares of the company’s stock, valued at approximately $1,596,000.

A number of other large investors also recently modified their holdings of AUR. Franklin Resources Inc. increased its holdings in shares of Aurora Innovation by 194.5% during the fourth quarter. Franklin Resources Inc. now owns 36,378 shares of the company’s stock valued at $229,000 after purchasing an additional 24,024 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Aurora Innovation by 38.8% during the fourth quarter. Wells Fargo & Company MN now owns 561,721 shares of the company’s stock valued at $3,539,000 after purchasing an additional 157,012 shares during the period. Bank of Montreal Can acquired a new position in shares of Aurora Innovation during the fourth quarter valued at $66,000. Legal & General Group Plc increased its holdings in shares of Aurora Innovation by 34.9% during the fourth quarter. Legal & General Group Plc now owns 995,550 shares of the company’s stock valued at $6,272,000 after purchasing an additional 257,489 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Aurora Innovation during the fourth quarter worth about $702,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 46,097 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the sale, the director directly owned 330,425 shares in the company, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John J. Donahoe acquired 162,337 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.85% of the company’s stock.

Analysts Set New Price Targets

AUR has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Canaccord Genuity Group lifted their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their target price on Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

Aurora Innovation Trading Down 2.6%

Shares of AUR opened at $6.39 on Friday. The business’s 50-day moving average price is $5.77 and its 200 day moving average price is $6.50. The stock has a market capitalization of $11.79 billion, a P/E ratio of -13.60 and a beta of 2.49. Aurora Innovation, Inc. has a 1-year low of $3.40 and a 1-year high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $0.50 million. On average, research analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Aurora Innovation Company Profile

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.