Public Employees Retirement System of Ohio Makes New $2.34 Million Investment in Aurora Innovation, Inc. $AUR

Public Employees Retirement System of Ohio acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 343,311 shares of the company’s stock, valued at approximately $2,341,000.

A number of other institutional investors also recently made changes to their positions in AUR. Danske Bank A S bought a new position in shares of Aurora Innovation during the 3rd quarter valued at $36,000. Versant Capital Management Inc boosted its position in Aurora Innovation by 964.9% during the second quarter. Versant Capital Management Inc now owns 8,019 shares of the company’s stock valued at $55,000 after buying an additional 7,266 shares during the period. GAMMA Investing LLC boosted its position in Aurora Innovation by 79.7% during the second quarter. GAMMA Investing LLC now owns 8,501 shares of the company’s stock valued at $58,000 after buying an additional 3,770 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Aurora Innovation during the fourth quarter valued at about $35,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Aurora Innovation during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 0.3%

NASDAQ:AUR opened at $6.34 on Friday. The firm’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $5.80. The stock has a market cap of $12.71 billion, a P/E ratio of -13.49 and a beta of 2.63. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data 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 return on equity of 43.94% and a negative net margin of 18,000.00%.The company had revenue of $2.00 million during the quarter, compared to the consensus estimate of $1.66 million. During the same quarter last year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 100.0% compared to the same quarter last year. On average, analysts expect that Aurora Innovation, Inc. will post -0.48 EPS for the current fiscal year.

Insider Transactions at Aurora Innovation

In related news, Director Michelangelo Volpi sold 2,842,682 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $7.00, for a total value of $19,898,774.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Wehner acquired 82,500 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $6.04 per share, with a total value of $498,300.00. Following the completion of the acquisition, the director directly owned 246,519 shares of the company’s stock, valued at $1,488,974.76. This trade represents a 50.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 6,390,753 shares of company stock valued at $44,826,378. 8.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.