IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 451,315 Shares of Aurora Innovation, Inc. $AUR

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Aurora Innovation, Inc. (NASDAQ:AUR) by 230.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,096 shares of the company’s stock after buying an additional 451,315 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Aurora Innovation were worth $3,488,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new stake in Aurora Innovation during the third quarter valued at about $44,000. Evolution Wealth Advisors LLC purchased a new position in shares of Aurora Innovation during the 2nd quarter valued at about $52,000. Ervin Investment Management LLC purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at about $54,000. International Assets Investment Management LLC bought a new position in Aurora Innovation during the second quarter valued at approximately $55,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Aurora Innovation in the 2nd quarter worth approximately $55,000. 44.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, CEO Christopher Urmson bought 258,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were acquired at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the purchase, the chief executive officer owned 258,000 shares in the company, valued at approximately $1,001,040. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.85% of the stock is owned by company insiders.

Aurora Innovation Stock Performance

Shares of AUR opened at $3.78 on Friday. 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 two-hundred day simple moving average is $5.04. The stock has a market cap of $7.32 billion, a PE ratio of -8.40 and a beta of 2.47.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AUR shares. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and set a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. TD Cowen reiterated a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average target price of $10.06.

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.