Aurora Innovation (NASDAQ:AUR) Shares Up 5% - Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 5% during trading on Friday . The company traded as high as $7.78 and last traded at $7.73. Approximately 999,759 shares were traded during trading, a decline of 89% from the average daily volume of 9,081,670 shares. The stock had previously closed at $7.36.

Wall Street Analyst Weigh In

AUR has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Wolfe Research started coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating for the company. TD Cowen lifted their price target 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. The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. Finally, Cantor Fitzgerald initiated coverage on Aurora Innovation in a research note on Tuesday. They issued an "overweight" rating and a $10.00 target price on the stock. One investment 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.com, the company has an average rating of "Hold" and a consensus target price of $5.70.

Aurora Innovation Price Performance

The firm has a market cap of $11.98 billion, a P/E ratio of -14.22 and a beta of 2.86. The stock has a 50 day moving average of $6.14 and a 200 day moving average of $4.60.

Insider Buying and Selling

In other 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 value of $189,000.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now owns 26,892 shares of the company's stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last 90 days. 13.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of Aurora Innovation in the 2nd quarter worth about $30,000. Profund Advisors LLC purchased a new stake in Aurora Innovation in the second quarter worth about $46,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Aurora Innovation during the second quarter valued at approximately $51,000. Diversified Portfolios Inc. purchased a new position in shares of Aurora Innovation during the second quarter valued at approximately $54,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Aurora Innovation by 32.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock worth $54,000 after buying an additional 4,702 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.

Aurora Innovation Company Profile

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.