Maryland State Retirement & Pension System Acquires Shares of 47,875 Aurora Innovation, Inc. $AUR

Maryland State Retirement & Pension System purchased a new position in Aurora Innovation, Inc. (NASDAQ:AUR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 47,875 shares of the company’s stock, valued at approximately $251,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Aurora Innovation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after purchasing an additional 2,392,995 shares during the last quarter. Durable Capital Partners LP increased its holdings in Aurora Innovation by 17.0% in the 1st quarter. Durable Capital Partners LP now owns 14,922,269 shares of the company’s stock worth $100,352,000 after buying an additional 2,165,114 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Aurora Innovation by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company’s stock worth $58,654,000 after buying an additional 27,852 shares in the last quarter. Nuveen LLC bought a new stake in Aurora Innovation in the 1st quarter worth about $17,152,000. Finally, ARK Investment Management LLC increased its holdings in Aurora Innovation by 2.0% in the 1st quarter. ARK Investment Management LLC now owns 2,461,686 shares of the company’s stock worth $16,555,000 after buying an additional 49,333 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 0.9%

Aurora Innovation stock opened at $5.42 on Wednesday. The business has a 50-day simple moving average of $5.79 and a two-hundred day simple moving average of $6.01. The company has a market cap of $10.00 billion, a P/E 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 released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $0.50 million. Research analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total transaction of $269,500.00. Following the completion of the transaction, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John J. Donahoe acquired 162,337 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $6.10 per share, with a total value of $990,255.70. Following the completion of the purchase, the director owned 162,337 shares in the company, valued at $990,255.70. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.