Cornerstone Wealth Management LLC Purchases 28,770 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Cornerstone Wealth Management LLC raised its position in Aurora Innovation, Inc. (NASDAQ:AUR) by 64.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 73,220 shares of the company’s stock after buying an additional 28,770 shares during the period. Cornerstone Wealth Management LLC’s holdings in Aurora Innovation were worth $461,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in Aurora Innovation in the 4th quarter valued at approximately $95,000. Nisa Investment Advisors LLC raised its stake in shares of Aurora Innovation by 441.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,937 shares of the company’s stock valued at $686,000 after acquiring an additional 88,821 shares during the last quarter. Breakwater Capital Group lifted its holdings in shares of Aurora Innovation by 79.9% during the fourth quarter. Breakwater Capital Group now owns 64,507 shares of the company’s stock worth $406,000 after purchasing an additional 28,656 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Aurora Innovation by 7.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 172,129 shares of the company’s stock worth $1,084,000 after purchasing an additional 11,870 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Aurora Innovation in the fourth quarter valued at $164,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AUR. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald assumed coverage on Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. TD Cowen raised their price target 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. The Goldman Sachs Group upped their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Evercore ISI lifted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.30.

Insider Activity

In other news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 1,393,874 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were 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 in the company, valued at approximately $3,664,716.25. The trade was a 67.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last three months. Company insiders own 13.83% of the company’s stock.

Aurora Innovation Stock Down 1.1 %

Shares of NASDAQ AUR opened at $6.88 on Friday. The firm has a market cap of $11.82 billion, a PE ratio of -14.04 and a beta of 2.85. The company’s fifty day simple moving average is $6.86 and its 200 day simple moving average is $5.55. Aurora Innovation, Inc. has a 12-month low of $2.10 and a 12-month high of $9.83.

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.