Aurora Innovation, Inc. (NASDAQ:AUR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,896 shares of the company’s stock after buying an additional 22,428 shares during the quarter. Victory Capital Management Inc.’s holdings in Aurora Innovation were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Aurora Innovation in the 4th quarter worth approximately $41,000. ASB Consultores LLC bought a new position in shares of Aurora Innovation during the third quarter valued at $44,000. Algert Global LLC acquired a new stake in Aurora Innovation in the third quarter worth about $67,000. Nisa Investment Advisors LLC grew its position in shares of 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 buying an additional 5,859 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Aurora Innovation by 22.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,089 shares of the company’s stock valued at $85,000 after acquiring an additional 6,675 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. TD Cowen reduced their price target 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.

Insider Buying and Selling

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now directly owns 463,563 shares of the company’s stock, valued at $1,168,178.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 1,975,849 shares of company stock worth $5,382,846 in the last 90 days. Insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Performance

Shares of NASDAQ:AUR opened at $2.46 on Friday. The firm has a market capitalization of $3.82 billion, a P/E ratio of -4.47 and a beta of 2.85. The stock has a 50 day moving average price of $2.87 and a 200-day moving average price of $2.91. Aurora Innovation, Inc. has a 52-week low of $1.30 and a 52-week high of $4.81.

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.