Everence Capital Management Inc. Acquires Shares of 26,090 Aurora Innovation, Inc. (NASDAQ:AUR)

Everence Capital Management Inc. purchased a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 26,090 shares of the company’s stock, valued at approximately $164,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Souders Financial Advisors acquired a new stake in Aurora Innovation during the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation during the third quarter valued at $60,000. Reynders McVeigh Capital Management LLC purchased a new stake in Aurora Innovation during the 3rd quarter worth about $63,000. Sigma Planning Corp acquired a new position in Aurora Innovation in the 3rd quarter valued at about $63,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth about $72,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Price Performance

Aurora Innovation stock opened at $8.06 on Friday. The firm’s fifty day moving average price is $6.51 and its 200 day moving average price is $5.20. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of -16.45 and a beta of 2.85. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $9.83.

Wall Street Analysts Forecast Growth

Several analysts have commented 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 stock a “sell” rating in a research note on Monday, November 4th. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. Canaccord Genuity Group boosted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.30.

Insider Transactions at Aurora Innovation

In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 completion of the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the transaction, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by insiders.

About Aurora Innovation

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.