Aurora Innovation (NASDAQ:AUR) CEO Purchases $1,001,040.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) CEO Christopher Urmson bought 258,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $3.88 per share, with a total value of $1,001,040.00. Following the completion of the purchase, the chief executive officer owned 258,000 shares of the company’s stock, valued at $1,001,040. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $3.92 on Wednesday. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $10.77. The firm has a market capitalization of $7.59 billion, a P/E ratio of -8.71 and a beta of 2.44. The company’s fifty day moving average price is $4.99 and its 200-day moving average price is $5.57.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in shares of Aurora Innovation in the 1st quarter worth $82,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Aurora Innovation in the 1st quarter valued at about $677,000. Avantax Advisory Services Inc. grew its holdings in shares of Aurora Innovation by 40.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,581 shares of the company’s stock worth $98,000 after purchasing an additional 4,227 shares during the period. Cetera Investment Advisers grew its holdings in shares of Aurora Innovation by 263.0% during the 1st quarter. Cetera Investment Advisers now owns 67,484 shares of the company’s stock worth $454,000 after purchasing an additional 48,895 shares during the period. Finally, LPL Financial LLC increased its position in Aurora Innovation by 33.9% during the 1st quarter. LPL Financial LLC now owns 381,531 shares of the company’s stock worth $2,566,000 after purchasing an additional 96,538 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, October 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. The Goldman Sachs Group set a $4.00 price target on Aurora Innovation in a report on Wednesday. Finally, 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. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.06.

About Aurora Innovation

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.