Aurora Innovation (NASDAQ:AUR) Stock Price Down 2.3% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was down 2.3% during trading on Monday . The company traded as low as $6.35 and last traded at $6.64. Approximately 5,020,128 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 15,909,641 shares. The stock had previously closed at $6.80.

Wall Street Analyst Weigh In

A number of research firms have commented on AUR. Evercore ISI upped 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. TD Cowen increased their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. One research 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.30.

Aurora Innovation Stock Down 1.5 %

The company's fifty day moving average price is $6.95 and its two-hundred day moving average price is $5.70. The firm has a market cap of $12.17 billion, a PE ratio of -14.45 and a beta of 2.85.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 829,713 shares of Aurora Innovation stock in a transaction on Friday, November 8th. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02. Following the completion of the transaction, the director now owns 310,939 shares of the company's stock, valued at $1,722,602.06. The trade was a 72.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $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. In the last ninety days, insiders have sold 3,882,793 shares of company stock worth $21,305,724. Corporate insiders own 13.83% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc lifted its position in Aurora Innovation by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock worth $224,000 after buying an additional 1,723 shares during the period. Amalgamated Bank increased its stake in shares of Aurora Innovation by 10.0% during the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company's stock valued at $189,000 after acquiring an additional 2,913 shares during the last quarter. ASB Consultores LLC lifted its holdings in shares of Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after acquiring an additional 3,088 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company's stock worth $188,000 after acquiring an additional 4,054 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Aurora Innovation by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company's stock valued at $859,000 after purchasing an additional 4,154 shares during the period. 44.71% of the stock is 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.