Amova Asset Management Americas Inc. Sells 161,676 Shares of Aurora Innovation, Inc. $AUR

Amova Asset Management Americas Inc. lessened its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,277,469 shares of the company’s stock after selling 161,676 shares during the period. Amova Asset Management Americas Inc. owned 0.32% of Aurora Innovation worth $25,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ascent Wealth Partners LLC increased its stake in shares of Aurora Innovation by 9.6% in the first quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company’s stock worth $65,000 after purchasing an additional 1,389 shares in the last quarter. Abel Hall LLC lifted its stake in shares of Aurora Innovation by 21.0% during the 4th quarter. Abel Hall LLC now owns 13,596 shares of the company’s stock valued at $52,000 after buying an additional 2,356 shares in the last quarter. World Investment Advisors lifted its stake in shares of Aurora Innovation by 7.4% during the 4th quarter. World Investment Advisors now owns 34,812 shares of the company’s stock valued at $134,000 after buying an additional 2,406 shares in the last quarter. Cerity Partners LLC boosted its holdings in Aurora Innovation by 20.1% in the 2nd quarter. Cerity Partners LLC now owns 14,686 shares of the company’s stock worth $77,000 after buying an additional 2,458 shares during the period. Finally, Finivi Inc. boosted its holdings in Aurora Innovation by 2.5% in the 4th quarter. Finivi Inc. now owns 104,911 shares of the company’s stock worth $403,000 after buying an additional 2,530 shares during the period. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Trading Up 0.5%

Aurora Innovation stock opened at $6.09 on Tuesday. Aurora Innovation, Inc. has a 1-year low of $3.60 and a 1-year high of $8.56. The firm has a market capitalization of $11.94 billion, a PE ratio of -13.84 and a beta of 2.63. The firm’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $5.35.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. Aurora Innovation’s revenue was down 66.7% on a year-over-year basis. Research analysts forecast that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AUR shares. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Aurora Innovation in a report on Thursday, May 7th. The Goldman Sachs Group raised their price target on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Northland Securities began coverage on Aurora Innovation in a research report on Friday, May 29th. They issued an “outperform” rating and a $11.00 price target for the company. TD Cowen lifted their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.25.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director David M. Wehner acquired 82,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $6.04 per share, with a total value of $498,300.00. Following the completion of the purchase, the director owned 246,519 shares of the company’s stock, valued at approximately $1,488,974.76. This represents a 50.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reid Hoffman sold 1,202,354 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $7.27, for a total value of $8,741,113.58. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,048,487 shares of company stock valued at $54,295,119 in the last three months. 8.52% of the stock is owned by corporate insiders.

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.