Aurora Innovation (NASDAQ:AUR) Shares Down 4.4% - Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was down 4.4% on Monday . The stock traded as low as $6.51 and last traded at $6.52. Approximately 2,806,212 shares were traded during trading, a decline of 56% from the average daily volume of 6,406,066 shares. The stock had previously closed at $6.82.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald began coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 price target on the stock. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Aurora Innovation has a consensus rating of "Hold" and an average price target of $5.70.

Aurora Innovation Price Performance

The company has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $5.14. The company has a market capitalization of $11.17 billion, a P/E ratio of -13.27 and a beta of 2.85.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the sale, the director now owns 672,425 shares of the company's stock, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the business's 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 completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,776,667 shares of company stock worth $48,432,337. 13.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its stake in Aurora Innovation by 229.4% during the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock worth $4,175,000 after acquiring an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Aurora Innovation by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the period. Sterling Investment Advisors Ltd. bought a new position in shares of Aurora Innovation during the 3rd quarter worth about $1,184,000. State Street Corp grew its stake in shares of Aurora Innovation by 15.2% in the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after buying an additional 2,920,653 shares during the period. Finally, Creative Planning bought a new stake in Aurora Innovation in the 3rd quarter valued at about $652,000. 44.71% of the stock is owned by institutional investors.

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.