Aurora Innovation (NASDAQ:AUR) Shares Gap Up to $1.49

Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating)’s share price gapped up prior to trading on Friday . The stock had previously closed at $1.49, but opened at $1.53. Aurora Innovation shares last traded at $1.51, with a volume of 447,215 shares changing hands.

Aurora Innovation Price Performance

The business has a 50-day moving average of $1.38 and a 200-day moving average of $1.45. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -0.88 and a beta of 1.64.

Aurora Innovation (NASDAQ:AUR – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.17) earnings per share for the quarter. Aurora Innovation had a negative return on equity of 38.10% and a negative net margin of 2,546.55%.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. AlphaCentric Advisors LLC bought a new stake in shares of Aurora Innovation in the third quarter valued at approximately $332,000. Daiwa Securities Group Inc. lifted its stake in Aurora Innovation by 30.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 46,066 shares of the company’s stock worth $56,000 after purchasing an additional 10,847 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Aurora Innovation by 16.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,653,046 shares of the company’s stock worth $3,210,000 after purchasing an additional 373,280 shares during the last quarter. Value Aligned Research Advisors LLC bought a new stake in Aurora Innovation during the fourth quarter worth $71,000. Finally, Primecap Management Co. CA lifted its stake in Aurora Innovation by 5.0% during the third quarter. Primecap Management Co. CA now owns 10,552,180 shares of the company’s stock worth $23,320,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors own 46.54% of the company’s stock.

Aurora Innovation Company Profile

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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 passenger vehicles, light commercial vehicles, and trucks.