VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Aurora Innovation, Inc. $AUR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,600 shares of the company’s stock, valued at approximately $171,000.

Several other large investors have also modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Aurora Innovation in the first quarter valued at about $17,152,000. Vanguard Group Inc. lifted its stake in Aurora Innovation by 2.1% in the 1st 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 in the last quarter. Durable Capital Partners LP grew its holdings in Aurora Innovation by 17.0% during the 1st 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 last quarter. Berkshire Capital Holdings Inc. acquired a new stake in Aurora Innovation during the 1st quarter valued at $10,273,000. Finally, Informed Momentum Co LLC acquired a new stake in Aurora Innovation during the 1st quarter valued at $2,763,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the sale, the director owned 398,372 shares of the company’s stock, valued at approximately $2,147,225.08. The trade was a 11.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe bought 162,337 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the transaction, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 11.85% of the stock is currently owned by insiders.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $5.15 on Monday. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of -10.96 and a beta of 2.45. The firm’s fifty day moving average price is $5.61 and its 200 day moving average price is $5.95. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77.

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

About Aurora Innovation

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.