Industry Ventures L.L.C. Makes New Investment in Aurora Innovation, Inc. (NASDAQ:AUR)

Industry Ventures L.L.C. acquired a new stake in Aurora Innovation, Inc. (NASDAQ:AUR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,813 shares of the company’s stock, valued at approximately $69,000. Aurora Innovation makes up approximately 0.1% of Industry Ventures L.L.C.’s holdings, making the stock its 8th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Aurora Innovation in the 4th quarter valued at $41,000. Simplicity Solutions LLC acquired a new position in Aurora Innovation during the 3rd quarter worth about $33,000. Nisa Investment Advisors LLC grew its holdings in Aurora Innovation by 51.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock worth $75,000 after acquiring an additional 5,859 shares during the last quarter. ASB Consultores LLC acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $44,000. Finally, WBH Advisory Inc. bought a new position in shares of Aurora Innovation in the fourth quarter worth about $125,000. 44.71% of the stock is owned by institutional investors.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the sale, the director now directly owns 463,563 shares of the company’s stock, valued at approximately $1,168,178.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AUR has been the subject of a number of research reports. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. TD Cowen dropped their target price on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th.

Aurora Innovation Trading Down 0.9 %

Shares of AUR traded down $0.03 on Wednesday, reaching $3.36. 9,383,272 shares of the company’s stock were exchanged, compared to its average volume of 6,987,861. The business has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $2.84. Aurora Innovation, Inc. has a 12 month low of $1.30 and a 12 month high of $4.81. The stock has a market capitalization of $5.16 billion, a P/E ratio of -5.51 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

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.