Catalyst Funds Management Pty Ltd Acquires 225,200 Shares of Aurora Innovation, Inc. $AUR

Catalyst Funds Management Pty Ltd boosted its holdings in Aurora Innovation, Inc. (NASDAQ:AUR) by 130.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 397,800 shares of the company’s stock after acquiring an additional 225,200 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Aurora Innovation were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUR. Signaturefd LLC increased its holdings in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock valued at $36,000 after purchasing an additional 3,568 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Aurora Innovation by 463.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company’s stock worth $40,000 after buying an additional 6,264 shares during the period. PNC Financial Services Group Inc. grew its stake in Aurora Innovation by 37.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after buying an additional 2,085 shares during the last quarter. Autumn Glory Partners LLC bought a new position in Aurora Innovation in the 2nd quarter valued at about $52,000. Finally, Evolution Wealth Advisors LLC bought a new position in Aurora Innovation in the 2nd quarter valued at about $52,000. 44.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AUR. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. TD Cowen lowered their price objective on Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $15.00 price target on shares of Aurora Innovation in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.44.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the transaction, the director directly owned 398,372 shares in the company, valued at $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.85% of the stock is owned by company insiders.

Aurora Innovation Stock Up 0.5%

AUR opened at $3.83 on Thursday. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of -8.51 and a beta of 2.44. Aurora Innovation, Inc. has a twelve month low of $3.68 and a twelve month high of $10.77. The company has a 50-day simple moving average of $5.15 and a 200 day simple moving average of $5.69.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.23 million. During the same period in the prior year, the business earned ($0.13) earnings per share. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal 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.