Aurora Innovation (NASDAQ:AUR) Trading Up 8% - Should You Buy?

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 8% on Friday . The stock traded as high as $6.59 and last traded at $6.59. 1,479,238 shares were traded during mid-day trading, a decline of 69% from the average session volume of 4,759,461 shares. The stock had previously closed at $6.10.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AUR. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Evercore ISI increased their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. Canaccord Genuity Group reissued a "buy" rating and issued a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. Finally, Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aurora Innovation presently has a consensus rating of "Hold" and a consensus target price of $5.70.

Aurora Innovation Trading Up 11.8 %

The firm has a market cap of $11.72 billion, a PE ratio of -13.92 and a beta of 2.86. The firm has a fifty day simple moving average of $6.45 and a two-hundred day simple moving average of $5.07.

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the 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 sale, the director now directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now directly owns 382,425 shares of the company's stock, valued at $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in shares of Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company's stock worth $189,000 after purchasing an additional 2,913 shares in the last quarter. ASB Consultores LLC raised its stake in shares of Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock worth $94,000 after buying an additional 3,088 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company's stock valued at $188,000 after buying an additional 4,054 shares in the last quarter. KBC Group NV grew its stake in shares of Aurora Innovation by 41.1% during the 3rd quarter. KBC Group NV now owns 26,092 shares of the company's stock valued at $154,000 after acquiring an additional 7,595 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Aurora Innovation by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 102,199 shares of the company's stock worth $283,000 after acquiring an additional 7,624 shares during the period. Institutional investors own 44.71% of the company's stock.

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.