Aurora Innovation (NASDAQ:AUR) Shares Down 2.3% - Should You Sell?

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. 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. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. Cantor Fitzgerald started coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price objective for the company. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $6.30.

Aurora Innovation Price Performance

The business has a 50-day moving average price of $6.93 and a two-hundred day moving average price of $5.69. The firm has a market cap of $11.87 billion, a PE ratio of -14.10 and a beta of 2.85.

Insiders Place Their Bets

In other Aurora Innovation news, Director Reid Hoffman sold 447,046 shares of the 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 completion of the sale, the director now owns 26,892 shares of the company's stock, valued at $135,535.68. This trade represents a 94.33 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction 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 transaction, the director now directly owns 344,647 shares in the company, 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. Insiders sold 7,382,793 shares of company stock worth $40,835,724 over the last three months. 13.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its position in Aurora Innovation by 241.7% in the 4th 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 position in Aurora Innovation in the third quarter valued at about $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the 3rd quarter valued at approximately $60,000. Sigma Planning Corp purchased a new stake in Aurora Innovation during the 3rd quarter worth approximately $63,000. Finally, Reynders McVeigh Capital Management LLC acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at approximately $63,000. 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.