Aurora Innovation (NASDAQ:AUR) Trading Up 3.1% - What's Next?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 3.1% on Friday . The stock traded as high as $7.51 and last traded at $7.30. 3,631,558 shares were traded during trading, a decline of 76% from the average session volume of 14,995,154 shares. The stock had previously closed at $7.08.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target for the company. The Goldman Sachs Group increased their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Evercore ISI increased 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. Finally, Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a "peer perform" rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of "Hold" and a consensus price target of $6.30.

Aurora Innovation Trading Up 8.3 %

The firm has a 50-day moving average of $6.98 and a 200 day moving average of $5.75. The company has a market cap of $13.40 billion, a P/E ratio of -15.92 and a beta of 2.85.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reid Hoffman sold 1,181,400 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $5.60, for a total value of $6,615,840.00. Following the completion of the transaction, the director now owns 125,000 shares in the company, valued at approximately $700,000. The trade was a 90.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,196,283 shares of company stock worth $12,005,299 in the last 90 days. Corporate insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AUR. Handelsbanken Fonder AB lifted its holdings in shares of Aurora Innovation by 19.6% in the third quarter. Handelsbanken Fonder AB now owns 167,200 shares of the company's stock valued at $990,000 after purchasing an additional 27,400 shares in the last quarter. Creative Planning purchased a new stake in shares of Aurora Innovation during the third quarter valued at approximately $652,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Aurora Innovation during the third quarter valued at approximately $263,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Aurora Innovation during the third quarter valued at approximately $1,184,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of Aurora Innovation during the third quarter valued at approximately $266,000. 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.