Aurora Innovation (NASDAQ:AUR) Trading 0.8% Higher - Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares traded up 0.8% during trading on Wednesday . The company traded as high as $7.07 and last traded at $6.96. 1,382,755 shares were traded during mid-day trading, a decline of 91% from the average session volume of 15,338,833 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

Several research firms have commented on AUR. Evercore ISI lifted their price target 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. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Finally, TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Aurora Innovation currently has an average rating of "Hold" and a consensus target price of $6.30.

Aurora Innovation Trading Up 1.7 %

The stock has a market cap of $12.37 billion, a PE ratio of -14.69 and a beta of 2.85. The business has a fifty day simple moving average of $6.98 and a two-hundred day simple moving average of $5.73.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 1,181,400 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00. Following the sale, the director now owns 125,000 shares in the company, valued at $700,000. This represents a 90.43 % 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 business's 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 transaction, the director now owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,053,080 shares of company stock worth $16,709,114. 13.83% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its holdings in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after acquiring an additional 12,466,085 shares during the period. Geode Capital Management LLC lifted its stake in shares of Aurora Innovation by 15.5% in the 3rd 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 period. 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 buying an additional 2,920,653 shares during the period. FMR LLC increased its holdings in Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after buying an additional 9,325,013 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Aurora Innovation by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock worth $54,772,000 after acquiring an additional 269,120 shares during the period. Hedge funds and other institutional investors 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.