Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 1.2% on Tuesday . The stock traded as high as $6.95 and last traded at $6.87. 1,566,293 shares were traded during mid-day trading, a decline of 90% from the average session volume of 15,689,559 shares. The stock had previously closed at $6.79.
Analyst Ratings Changes
AUR has been the subject of a number of analyst reports. TD Cowen upped 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. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Canaccord Genuity Group boosted their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Wolfe Research began coverage on Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating for the company. 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 presently has a consensus rating of "Hold" and an average target price of $6.30.
Read Our Latest Research Report on Aurora Innovation
Aurora Innovation Price Performance
The company has a fifty day moving average of $6.92 and a two-hundred day moving average of $5.67. The stock has a market capitalization of $11.71 billion, a P/E ratio of -13.91 and a beta of 2.85.
Insider Activity at Aurora Innovation
In other news, Director Reid Hoffman sold 829,713 shares of the business's stock in a transaction on Friday, November 8th. The shares were 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 approximately $1,722,602.06. The trade was a 72.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 completion of the sale, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This 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 7,382,793 shares of company stock valued at $40,835,724. Corporate insiders own 13.83% of the company's stock.
Institutional Trading of Aurora Innovation
A number of hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. grew its stake in shares of Aurora Innovation by 17.2% in the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after buying an additional 12,466,085 shares in the last quarter. Geode Capital Management LLC grew its holdings in Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. State Street Corp grew its holdings in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after purchasing an additional 2,920,653 shares during the last quarter. FMR LLC lifted its stake in shares of Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock worth $81,983,000 after buying an additional 9,325,013 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock worth $49,875,000 after buying an additional 1,776,513 shares during the period. 44.71% of the stock is owned by hedge funds and other institutional investors.
Aurora Innovation Company Profile
(
Get Free Report)
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.
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