Aurora Innovation, Inc. $AUR Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 98.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,060 shares of the company’s stock after selling 571,793 shares during the quarter. Federated Hermes Inc.’s holdings in Aurora Innovation were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new stake in Aurora Innovation during the 3rd quarter worth about $44,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Aurora Innovation during the second quarter worth approximately $52,000. Ervin Investment Management LLC acquired a new stake in Aurora Innovation in the third quarter valued at approximately $54,000. International Assets Investment Management LLC acquired a new stake in Aurora Innovation in the second quarter valued at approximately $55,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Aurora Innovation in the second quarter worth approximately $55,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of AUR opened at $4.46 on Wednesday. Aurora Innovation, Inc. has a fifty-two week low of $3.60 and a fifty-two week high of $10.77. The firm has a 50-day simple moving average of $4.34 and a 200-day simple moving average of $4.97. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of -9.91 and a beta of 2.47.

Wall Street Analyst Weigh In

AUR has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $15.00 target price on shares of Aurora Innovation in a report on Wednesday, October 29th. UBS Group restated an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. The Goldman Sachs Group lowered their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Aurora Innovation has a consensus rating of “Hold” and an average target price of $10.06.

Insider Buying and Selling at Aurora Innovation

In related news, CEO Christopher Urmson bought 258,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price 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 approximately $1,001,040. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.85% of the company’s stock.

About Aurora Innovation

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.