Congress Park Capital LLC Invests $1.25 Million in Aurora Innovation, Inc. $AUR

Congress Park Capital LLC bought a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) during the third quarter, according to its most recent filing with the SEC. The firm bought 231,100 shares of the company’s stock, valued at approximately $1,246,000.

Several other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Aurora Innovation by 37.2% during the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after acquiring an additional 2,085 shares during the period. Nuveen LLC acquired a new position in shares of Aurora Innovation during the 1st quarter worth about $17,152,000. Russell Investments Group Ltd. boosted its stake in Aurora Innovation by 3,111.9% during the 1st quarter. Russell Investments Group Ltd. now owns 154,075 shares of the company’s stock valued at $1,036,000 after purchasing an additional 149,278 shares during the period. Compound Planning Inc. acquired a new stake in Aurora Innovation in the 1st quarter valued at approximately $93,000. Finally, Magnetar Financial LLC bought a new position in Aurora Innovation in the 1st quarter worth approximately $106,000. Institutional investors own 44.71% of the company’s stock.

Insider Activity

In other news, Director Brittany Bagley sold 50,000 shares of the company’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 value of $269,500.00. Following the sale, the director directly owned 398,372 shares in the company, valued at approximately $2,147,225.08. This represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher Urmson bought 258,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average cost of $3.88 per share, with a total value of $1,001,040.00. Following the completion of the acquisition, the chief executive officer owned 258,000 shares in the company, valued at $1,001,040. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Cowen reissued a “hold” rating on shares of Aurora Innovation in a research report on Thursday, October 30th. The Goldman Sachs Group cut their target price on shares of Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. TD Cowen decreased their price target on shares of Aurora Innovation from $7.40 to $5.50 and set a “hold” rating on the stock in a research report on Thursday, October 30th. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a report on Wednesday, October 29th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.06.

Aurora Innovation Price Performance

AUR opened at $4.07 on Thursday. The company has a market capitalization of $7.88 billion, a P/E ratio of -9.04 and a beta of 2.46. The firm’s fifty day moving average price is $4.57 and its two-hundred day moving average price is $5.34. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same period in the previous year, the business posted ($0.13) earnings per share. On average, equities research analysts expect that Aurora Innovation, Inc. will post -0.49 EPS 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.