Dockside LLC Buys Shares of 119,577 Aurora Innovation, Inc. $AUR

by · The Markets Daily

Dockside LLC bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 119,577 shares of the company’s stock, valued at approximately $459,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AUR. Danske Bank A S purchased a new stake in Aurora Innovation in the third quarter valued at $36,000. Eurizon Capital SGR S.p.A. purchased a new stake in Aurora Innovation in the fourth quarter valued at $39,000. Stonebridge Financial Group LLC MO purchased a new stake in Aurora Innovation in the fourth quarter valued at $40,000. Simplify Asset Management Inc. purchased a new stake in Aurora Innovation in the fourth quarter valued at $42,000. Finally, Summit Financial Wealth Advisors LLC purchased a new stake in Aurora Innovation in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 1,202,354 shares of Aurora Innovation stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $7.27, for a total value of $8,741,113.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,048,487 shares of company stock valued at $54,295,119 over the last ninety days. Insiders own 8.52% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $6.13 on Monday. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56. The stock has a fifty day simple moving average of $6.07 and a 200-day simple moving average of $4.96. The stock has a market capitalization of $12.02 billion, a PE ratio of -13.93 and a beta of 2.62.

Aurora Innovation (NASDAQ:AUR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative return on equity of 40.45% and a negative net margin of 20,775.00%.The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $0.97 million. The firm’s revenue was down 66.7% compared to the same quarter last year. On average, equities analysts predict that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Aurora Innovation from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Innovation in a research report on Monday, April 20th. The Goldman Sachs Group lifted their target price on Aurora Innovation from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $14.00 target price on shares of Aurora Innovation in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Aurora Innovation has an average rating of “Hold” and a consensus price target of $12.25.

View Our Latest Stock Report on AUR

Aurora Innovation Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Innovation, Inc. (NASDAQ:AUR – Free Report).