Aurora Innovation (NASDAQ:AUR) Trading Down 1.5% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price traded down 1.5% during mid-day trading on Thursday . The company traded as low as $7.07 and last traded at $7.09. 3,332,590 shares were traded during trading, a decline of 78% from the average session volume of 15,181,268 shares. The stock had previously closed at $7.19.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AUR shares. The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an "overweight" rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.30.

Aurora Innovation Stock Performance

The company's fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $5.73. The stock has a market capitalization of $12.37 billion, a PE ratio of -14.69 and a beta of 2.85.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 856,797 shares of Aurora Innovation stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.49, for a total value of $4,703,815.53. Following the completion of the sale, the director now owns 268,099 shares in the company, valued at $1,471,863.51. The trade was a 76.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,053,080 shares of company stock worth $16,709,114. 13.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently modified their holdings of AUR. Baillie Gifford & Co. boosted its holdings 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 purchasing an additional 12,466,085 shares during the last quarter. Geode Capital Management LLC increased its stake 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 raised its stake in Aurora Innovation by 15.2% during 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 during the period. FMR LLC boosted its position in 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 purchasing an additional 9,325,013 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Aurora Innovation by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,947 shares of the company's stock worth $54,772,000 after acquiring an additional 269,120 shares during the last quarter. Institutional investors and hedge funds 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.