Grimes & Company Inc. Grows Stock Holdings in Aurora Innovation, Inc. $AUR

Grimes & Company Inc. increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Grimes & Company Inc.’s holdings in Aurora Innovation were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AUR. Signaturefd LLC boosted its holdings in Aurora Innovation by 208.0% during the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Aurora Innovation by 147.3% during the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after buying an additional 3,527 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Aurora Innovation by 463.3% during the second 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after buying an additional 2,085 shares in the last quarter. Finally, Legacy Financial Strategies LLC purchased a new stake in Aurora Innovation during the second quarter worth about $55,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of NASDAQ AUR opened at $5.40 on Wednesday. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The company has a market capitalization of $9.96 billion, a PE ratio of -11.49 and a beta of 2.45. The firm’s 50-day moving average is $5.84 and its two-hundred day moving average is $6.08.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) 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 $0.50 million. On average, analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Innovation in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.75.

Insider Buying and Selling

In other news, Director John J. Donahoe acquired 162,337 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.85% of the company’s stock.

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.