Aurora Innovation (NASDAQ:AUR) Stock Price Down 1.5% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price was down 1.5% during mid-day trading on Thursday . The stock traded as low as $7.07 and last traded at $7.09. Approximately 3,332,590 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 15,181,268 shares. The stock had previously closed at $7.19.

Analyst Ratings Changes

A number of analysts have weighed in on AUR shares. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Evercore ISI boosted their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. Cantor Fitzgerald began coverage on Aurora Innovation in a report on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price objective for the company. The Goldman Sachs Group increased their target price 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. Finally, TD Cowen boosted their price objective 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.30.

Aurora Innovation Stock Performance

The company has a fifty day moving average of $6.98 and a two-hundred day moving average of $5.75. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of -15.10 and a beta of 2.85.

Insider Buying and Selling

In related news, Director Reid Hoffman sold 447,046 shares of Aurora Innovation stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares of the company's stock, valued at $135,535.68. The trade was a 94.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 344,647 shares of the company's stock, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,196,283 shares of company stock worth $12,005,299 in the last ninety days. 13.83% of the stock is owned by insiders.

Institutional Trading of Aurora Innovation

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

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.