Aurora Innovation, Inc. (NASDAQ:AUR) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,006 shares of the company’s stock after acquiring an additional 2,913 shares during the quarter. Amalgamated Bank’s holdings in Aurora Innovation were worth $189,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AUR. Sequoia Financial Advisors LLC purchased a new stake in shares of Aurora Innovation during the second quarter worth approximately $30,000. ASB Consultores LLC raised its stake in shares of Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares during the last quarter. Profund Advisors LLC purchased a new stake in shares of Aurora Innovation during the second quarter worth approximately $46,000. Empowered Funds LLC raised its stake in shares of Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after purchasing an additional 5,386 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Aurora Innovation in the second quarter worth $51,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 3,500,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 8,208,830 shares of company stock valued at $45,295,991 over the last 90 days. Corporate insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Performance

Shares of AUR stock opened at $4.99 on Monday. Aurora Innovation, Inc. has a one year low of $2.04 and a one year high of $7.01. The company has a 50 day moving average price of $5.58 and a 200 day moving average price of $4.09. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AUR shares. TD Cowen increased their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, Evercore ISI increased their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th.

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.