HITE Hedge Asset Management LLC Decreases Holdings in Aurora Innovation, Inc. $AUR

HITE Hedge Asset Management LLC decreased its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 6.2% in the first quarter, HoldingsChannel reports. The fund owned 100,233 shares of the company’s stock after selling 6,647 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Aurora Innovation were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Aurora Innovation during the first quarter valued at approximately $32,000. Signaturefd LLC raised its holdings in shares of Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company’s stock worth $36,000 after buying an additional 3,568 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company’s stock worth $40,000 after buying an additional 3,527 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock worth $52,000 after buying an additional 2,085 shares during the last quarter. Finally, Summit Securities Group LLC raised its holdings in shares of Aurora Innovation by 467.8% in the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company’s stock worth $68,000 after buying an additional 8,299 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AUR shares. Needham & Company LLC raised their price target on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.75.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $6.44 on Tuesday. The firm has a fifty day moving average price of $5.78 and a 200 day moving average price of $6.49. Aurora Innovation, Inc. has a 1 year low of $3.40 and a 1 year high of $10.77. The stock has a market cap of $11.88 billion, a PE ratio of -13.70 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.50 million. As a group, equities analysts expect that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 46,097 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $5.92, for a total transaction of $272,894.24. Following the completion of the transaction, the director owned 330,425 shares of the company’s stock, valued at $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John J. Donahoe bought 162,337 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average cost of $6.10 per share, with a total value of $990,255.70. Following the acquisition, the director owned 162,337 shares of the company’s stock, valued at $990,255.70. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.85% of the company’s stock.

Aurora Innovation 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.