David Wehner Acquires 82,500 Shares of Aurora Innovation (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director David Wehner acquired 82,500 shares of Aurora Innovation stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $6.04 per share, for a total transaction of $498,300.00. Following the transaction, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. The trade was a 50.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $6.14 on Wednesday. The stock has a market cap of $12.04 billion, a P/E ratio of -13.95 and a beta of 2.62. Aurora Innovation, Inc. has a 1 year low of $3.60 and a 1 year high of $8.56. The firm’s 50 day moving average price is $6.16 and its 200-day moving average price is $4.99.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The company’s revenue was down 66.7% on a year-over-year basis. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

AUR has been the topic of several research reports. Craig Hallum initiated coverage on shares of Aurora Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $18.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. Finally, TD Cowen boosted their price target on shares of Aurora Innovation from $4.70 to $7.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Aurora Innovation by 6.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after acquiring an additional 16,933,373 shares during the last quarter. Vanguard Group Inc. grew its holdings in Aurora Innovation by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after purchasing an additional 17,818,179 shares during the last quarter. Capital Research Global Investors grew its holdings in Aurora Innovation by 35.9% during the 3rd quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock valued at $384,299,000 after purchasing an additional 18,820,542 shares during the last quarter. Bank of America Corp DE grew its holdings in Aurora Innovation by 130.0% during the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock valued at $123,749,000 after purchasing an additional 16,975,927 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Aurora Innovation by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock valued at $82,535,000 after purchasing an additional 1,498,515 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.