Aurora Innovation (NASDAQ:AUR) Shares Gap Up to $3.85

Aurora Innovation, Inc. (NASDAQ:AUR) gapped up before the market opened on Tuesday . The stock had previously closed at $3.85, but opened at $3.98. Aurora Innovation shares last traded at $3.86, with a volume of 341,807 shares.

Aurora Innovation Price Performance

The stock has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $3.10. The firm has a market capitalization of $7.00 billion, a P/E ratio of -8.11 and a beta of 2.78.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently made changes to their positions in AUR. Parallel Advisors LLC lifted its holdings in shares of Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock worth $31,000 after purchasing an additional 3,400 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after buying an additional 4,702 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after buying an additional 5,386 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Aurora Innovation by 8.1% during the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock valued at $283,000 after buying an additional 7,624 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Aurora Innovation by 4.6% during the first quarter. American International Group Inc. now owns 176,045 shares of the company’s stock worth $496,000 after acquiring an additional 7,773 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.