Aurora Innovation (NASDAQ:AUR) Shares Up 1.9% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) were up 1.9% during mid-day trading on Wednesday . The company traded as high as $6.98 and last traded at $6.89. Approximately 4,033,302 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 16,413,875 shares. The stock had previously closed at $6.76.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.30.

Aurora Innovation Stock Down 0.1 %

The stock has a market cap of $11.69 billion, a PE ratio of -13.88 and a beta of 2.85. The business's 50-day simple moving average is $6.91 and its 200-day simple moving average is $5.64.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 3,500,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the transaction, the director now directly owns 382,425 shares of the company's stock, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in AUR. GPS Wealth Strategies Group LLC grew its stake 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 buying an additional 4,955 shares during the last quarter. Souders Financial Advisors purchased a new stake in Aurora Innovation during the 3rd quarter worth approximately $59,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aurora Innovation in the third quarter valued at about $60,000. Sigma Planning Corp purchased a new position in shares of Aurora Innovation during the third quarter worth $63,000. Finally, Reynders McVeigh Capital Management LLC acquired a new position in Aurora Innovation in the third quarter valued at approximately $63,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.