Algert Global LLC Purchases 79,140 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Algert Global LLC boosted its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 345,061 shares of the company's stock after buying 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 hedge funds have also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after buying an additional 2,913 shares during the period. ASB Consultores LLC grew its holdings in Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after acquiring an additional 3,088 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock valued at $54,000 after purchasing an additional 4,702 shares during the period. KBC Group NV grew its stake in shares of Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company's stock worth $154,000 after purchasing an additional 7,595 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Aurora Innovation by 8.1% in the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company's stock valued at $283,000 after purchasing an additional 7,624 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was 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 $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 over the last ninety days. Insiders own 13.83% of the company's stock.

Aurora Innovation Stock Up 7.3 %

NASDAQ:AUR opened at $6.49 on Thursday. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of -13.24 and a beta of 2.82. The stock's 50 day moving average price is $5.80 and its two-hundred day moving average price is $4.24. Aurora Innovation, Inc. has a twelve month low of $2.06 and a twelve month high of $7.01.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AUR shares. Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday. They set a "peer perform" rating for the company. TD Cowen increased their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. Finally, The Goldman Sachs Group lifted their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.63.

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.