Algert Global LLC Increases Stock Position in Aurora Innovation, Inc. (NASDAQ:AUR)

Algert Global LLC increased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 29.8% during the 3rd quarter, Holdings Channel reports. The firm owned 345,061 shares of the company’s stock after purchasing an additional 79,140 shares during the quarter. Algert Global LLC’s holdings in Aurora Innovation were worth $2,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Souders Financial Advisors purchased a new position in shares of Aurora Innovation in the 3rd quarter worth approximately $59,000. Sigma Planning Corp bought a new stake in Aurora Innovation during the third quarter worth $63,000. Sequoia Financial Advisors LLC purchased a new position in Aurora Innovation in the second quarter worth $30,000. ASB Consultores LLC grew its stake in Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after purchasing an additional 3,088 shares during the period. Finally, Drive Wealth Management LLC purchased a new stake in shares of Aurora Innovation during the 3rd quarter valued at $94,000. 44.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AUR has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Evercore ISI raised their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday. They issued a “peer perform” rating on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. Finally, TD Cowen boosted their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and a consensus target price of $4.63.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.49 on Thursday. Aurora Innovation, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $7.01. The stock has a market cap of $11.15 billion, a P/E ratio of -13.24 and a beta of 2.82. The firm’s fifty day moving average price is $5.80 and its 200-day moving average price is $4.24.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total value of $19,530,000.00. Following the sale, the director now directly owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Company 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.