Maven Securities LTD Makes New $743,000 Investment in Aurora Innovation, Inc. $AUR

Maven Securities LTD acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR) during the second quarter, HoldingsChannel reports. The firm acquired 108,996 shares of the company’s stock, valued at approximately $743,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Aurora Innovation during the 3rd quarter worth about $36,000. Versant Capital Management Inc raised its holdings in Aurora Innovation by 964.9% in 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 lifted 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 in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Aurora Innovation during the fourth quarter valued at approximately $35,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Aurora Innovation during the fourth quarter worth approximately $39,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Aurora Innovation news, Director David M. Wehner bought 82,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $6.04 per share, with a total value of $498,300.00. Following the completion of the transaction, the director owned 246,519 shares in the company, valued at $1,488,974.76. The trade was a 50.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 2,842,682 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $7.00, for a total value of $19,898,774.00. The SEC filing for this sale provides additional information. Insiders sold a total of 6,390,753 shares of company stock worth $44,826,378 in the last quarter. 8.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Aurora Innovation Stock Up 2.7%

Shares of NASDAQ:AUR opened at $6.51 on Wednesday. Aurora Innovation, Inc. has a 52-week low of $3.60 and a 52-week high of $8.56. The company has a 50 day moving average of $6.33 and a two-hundred day moving average of $5.84. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of -13.85 and a beta of 2.63.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, July 29th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $2.00 million for the quarter, compared to analyst estimates of $1.66 million. Aurora Innovation had a negative return on equity of 43.94% and a negative net margin of 18,000.00%.The company’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. On average, equities analysts anticipate that Aurora Innovation, Inc. will post -0.48 earnings per share for the current year.

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.