Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Down 15.0% in December

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 64,740,000 shares, a decline of 15.0% from the November 30th total of 76,130,000 shares. Based on an average trading volume of 10,970,000 shares, the days-to-cover ratio is presently 5.9 days. Approximately 6.6% of the shares of the company are sold short.

Aurora Innovation Trading Down 5.4 %

NASDAQ AUR traded down $0.40 during mid-day trading on Friday, hitting $6.94. The company's stock had a trading volume of 6,270,917 shares, compared to its average volume of 9,186,753. The company's 50 day simple moving average is $6.43 and its 200 day simple moving average is $4.97. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $8.44. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of -14.16 and a beta of 2.86.

Insider Transactions at Aurora Innovation

In related 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 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 approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the sale, the director now directly owns 26,892 shares of the company's stock, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. grew its holdings in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after purchasing an additional 12,466,085 shares during the period. FMR LLC boosted its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company's stock worth $14,377,000 after buying an additional 3,800,901 shares during the last quarter. Geode Capital Management LLC lifted its stake in Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock worth $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. Finally, State Street Corp grew its position in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after acquiring an additional 2,920,653 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Wall Street Analyst Weigh In

AUR has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target for the company. TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, Evercore ISI boosted their price objective 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.70.

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.