Aurora Innovation (NASDAQ:AUR) Shares Gap Up - Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $6.45, but opened at $6.83. Aurora Innovation shares last traded at $8.21, with a volume of 4,727,666 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Monday, November 4th. TD Cowen lifted their target price 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. Finally, Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.30.

Aurora Innovation Trading Up 8.2 %

The stock's 50-day simple moving average is $7.14 and its 200-day simple moving average is $5.88.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Sell-side analysts expect that Aurora Innovation, Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Aurora Innovation

In other news, Director Reid Hoffman sold 537,837 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $5.48, for a total transaction of $2,947,346.76. Following the completion of the sale, the director now directly owns 286,247 shares in the company, valued at $1,568,633.56. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction 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 sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 13.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of AUR. Twin Tree Management LP grew its holdings in shares of Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after buying an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Souders Financial Advisors bought a new position in shares of Aurora Innovation during the third quarter valued at about $59,000. Grimes & Company Inc. bought a new position in shares of Aurora Innovation during the fourth quarter valued at about $63,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Aurora Innovation during the third quarter valued at about $60,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.