108,996 Shares in Aurora Innovation, Inc. $AUR Acquired by Maven Securities LTD

Maven Securities LTD bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 108,996 shares of the company’s stock, valued at approximately $743,000.

A number of other large investors have also recently bought and sold shares of AUR. Royal Bank of Canada raised its holdings in shares of Aurora Innovation by 35.7% in the first quarter. Royal Bank of Canada now owns 227,475 shares of the company’s stock worth $1,530,000 after acquiring an additional 59,801 shares during the last quarter. AQR Capital Management LLC increased its position in Aurora Innovation by 9.4% during the 1st quarter. AQR Capital Management LLC now owns 166,257 shares of the company’s stock worth $1,118,000 after purchasing an additional 14,220 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Aurora Innovation by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,046,760 shares of the company’s stock worth $13,764,000 after purchasing an additional 127,953 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Aurora Innovation by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after purchasing an additional 2,774 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Aurora Innovation by 66.5% in the 2nd quarter. Cetera Investment Advisers now owns 112,351 shares of the company’s stock valued at $589,000 after purchasing an additional 44,867 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Northland Securities initiated coverage on shares of Aurora Innovation in a research note on Friday, May 29th. They set an “outperform” rating and a $11.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price objective on shares of Aurora Innovation in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Aurora Innovation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday, July 17th. Finally, Craig Hallum assumed coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $18.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.22.

Aurora Innovation Trading Up 2.7%

NASDAQ AUR opened at $6.51 on Wednesday. The business’s 50-day moving average price is $6.33 and its 200 day moving average price is $5.84. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The company has a market capitalization of $13.05 billion, a PE ratio of -13.85 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Aurora Innovation had a negative net margin of 18,000.00% and a negative return on equity of 43.94%. The business had revenue of $2.00 million during the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter last year, the firm earned ($0.11) EPS. The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. Equities analysts predict that Aurora Innovation, Inc. will post -0.48 EPS for the current year.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Michelangelo Volpi sold 2,842,682 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $7.00, for a total transaction of $19,898,774.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David M. Wehner purchased 82,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $6.04 per share, for a total transaction of $498,300.00. Following the acquisition, the director owned 246,519 shares in the company, valued at $1,488,974.76. The trade was a 50.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 6,390,753 shares of company stock worth $44,826,378 over the last three months. Corporate insiders own 8.52% of the company’s stock.

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.