Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) rose 1.9% on Wednesday . The company traded as high as $6.98 and last traded at $6.89. Approximately 4,033,302 shares changed hands during trading, a decline of 75% from the average daily volume of 16,413,875 shares. The stock had previously closed at $6.76.
Wall Street Analysts Forecast Growth
AUR has been the topic of a number of analyst reports. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Evercore ISI boosted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target on the stock. TD Cowen boosted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.30.
Check Out Our Latest Report on AUR
Aurora Innovation Trading Down 0.1 %
The company has a fifty day moving average price of $6.92 and a 200-day moving average price of $5.67. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of -13.86 and a beta of 2.85.
Insider Buying and Selling
In other news, Director Reid Hoffman sold 829,713 shares of the stock in a transaction dated 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 transaction, the director now directly owns 310,939 shares in the company, valued at $1,722,602.06. This represents a 72.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction dated 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 owns 344,647 shares of the company's stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,382,793 shares of company stock valued at $40,835,724. 13.83% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of AUR. Baillie Gifford & Co. lifted its stake in Aurora Innovation by 17.2% in the third 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 during the last quarter. FMR LLC lifted its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Aurora Innovation by 15.5% in the 3rd 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 period. State Street Corp increased its position in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares in the last quarter. Finally, ARK Investment Management LLC acquired a new stake in shares of Aurora Innovation in the third quarter worth $12,433,000. Hedge funds and other institutional investors own 44.71% of the company's stock.
Aurora Innovation Company Profile
(
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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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