KLP Kapitalforvaltning AS Increases Stake in Aurora Innovation, Inc. $AUR

KLP Kapitalforvaltning AS lifted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 9.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,400 shares of the company’s stock after buying an additional 17,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Aurora Innovation were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AUR. Nuveen LLC purchased a new position in shares of Aurora Innovation during the first quarter valued at about $17,152,000. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock valued at $776,155,000 after buying an additional 2,392,995 shares during the period. Durable Capital Partners LP increased its position in shares of Aurora Innovation by 17.0% during the first quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock valued at $100,352,000 after buying an additional 2,165,114 shares during the period. Berkshire Capital Holdings Inc. purchased a new position in shares of Aurora Innovation during the first quarter valued at about $10,273,000. Finally, Informed Momentum Co LLC purchased a new position in shares of Aurora Innovation during the first quarter valued at about $2,763,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $5.42 on Wednesday. The firm’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.01. The company has a market cap of $10.00 billion, a PE ratio of -11.53 and a beta of 2.45. Aurora Innovation, Inc. has a 52-week low of $4.75 and a 52-week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. On average, analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.75.

Insider Buying and Selling

In related news, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, for a total transaction 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brittany Bagley sold 50,000 shares of the company’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is owned by corporate insiders.

Aurora Innovation 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.