Grimes & Company Inc. Acquires New Holdings in Aurora Innovation, Inc. (NASDAQ:AUR)

Grimes & Company Inc. bought a new stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 10,000 shares of the company’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Profund Advisors LLC bought a new position in Aurora Innovation in the second quarter valued at about $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Aurora Innovation in the second quarter worth approximately $51,000. Souders Financial Advisors bought a new stake in Aurora Innovation during the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation in the third quarter worth approximately $60,000. Finally, Sigma Planning Corp purchased a new position in shares of Aurora Innovation during the 3rd quarter worth $63,000. 44.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price on the stock. TD Cowen raised their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Trading Down 1.1 %

AUR opened at $6.88 on Monday. Aurora Innovation, Inc. has a 12 month low of $2.10 and a 12 month high of $9.83. The stock has a 50-day moving average of $6.86 and a 200 day moving average of $5.57. The firm has a market cap of $11.82 billion, a P/E ratio of -14.04 and a beta of 2.85.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the 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 owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction dated 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 completion of the sale, the director now owns 382,425 shares of the company’s stock, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by 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.