10,000 Shares in Aurora Innovation, Inc. (NASDAQ:AUR) Acquired by Grimes & Company Inc.

Grimes & Company Inc. purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $63,000.

A number of other large investors have also added to or reduced their stakes in AUR. Cornerstone Wealth Management LLC grew its position in Aurora Innovation by 64.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 73,220 shares of the company’s stock valued at $461,000 after acquiring an additional 28,770 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Aurora Innovation in the fourth quarter valued at approximately $95,000. Nisa Investment Advisors LLC boosted its position in Aurora Innovation by 441.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company’s stock valued at $686,000 after buying an additional 88,821 shares in the last quarter. Breakwater Capital Group boosted its position in Aurora Innovation by 79.9% in the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company’s stock valued at $406,000 after buying an additional 28,656 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Aurora Innovation by 7.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company’s stock valued at $1,084,000 after buying an additional 11,870 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $6.88 on Monday. The company has a market capitalization of $11.82 billion, a P/E ratio of -14.04 and a beta of 2.85. Aurora Innovation, Inc. has a 1 year low of $2.10 and a 1 year high of $9.83. The business has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $5.57.

Analyst Upgrades and Downgrades

AUR has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target for the company. Evercore ISI upped their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group upped their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.30.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares in the company, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the transaction, the director now owns 26,892 shares of the company’s stock, valued at $135,535.68. This trade represents a 94.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 over the last ninety days. Company insiders own 13.83% 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.