Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $7.16 and last traded at $7.16, with a volume of 183945 shares trading hands. The stock had previously closed at $6.92.
Analysts Set New Price Targets
A number of analysts recently commented on AUR shares. TD Cowen boosted their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a "peer perform" rating for the company. Canaccord Genuity Group reissued a "buy" rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI boosted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of "Hold" and a consensus price target of $4.63.
Check Out Our Latest Research Report on AUR
Aurora Innovation Stock Up 13.4 %
The business has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $4.42.
Insider Activity
In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the sale, the director now owns 382,425 shares of the company's stock, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by insiders.
Institutional Trading of Aurora Innovation
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new position in shares of Aurora Innovation during the third quarter valued at approximately $72,000. Virtu Financial LLC bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $337,000. Geode Capital Management LLC increased its position in shares of Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after acquiring an additional 3,064,342 shares in the last quarter. Abel Hall LLC bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $88,000. Finally, Barclays PLC increased its position in shares of Aurora Innovation by 431.9% during the third quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after acquiring an additional 1,388,307 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.
Aurora Innovation Company Profile
(
Get Free Report)
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.
See Also
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
