Aurora Innovation (NASDAQ:AUR) Stock Price Down 6.4% - Here's Why

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares fell 6.4% during trading on Wednesday . The stock traded as low as $8.94 and last traded at $8.86. 1,097,471 shares were traded during trading, a decline of 93% from the average session volume of 16,360,346 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

Several research firms have recently weighed in on AUR. TD Cowen lifted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Evercore ISI boosted their target price on Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research note on Tuesday. The Goldman Sachs Group upped 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 initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. Finally, Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.50.

Aurora Innovation Stock Down 10.6 %

The firm's 50-day simple moving average is $7.28 and its 200-day simple moving average is $6.01. The firm has a market capitalization of $12.76 billion, a PE ratio of -15.80 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, equities research analysts forecast that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AUR. CoreCap Advisors LLC increased its holdings in Aurora Innovation by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 13,177 shares of the company's stock valued at $83,000 after acquiring an additional 1,717 shares during the last quarter. CIBC Asset Management Inc boosted its position in Aurora Innovation by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 35,587 shares of the company's stock valued at $224,000 after buying an additional 1,723 shares during the period. Corient Private Wealth LLC boosted its position in Aurora Innovation by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,484 shares of the company's stock valued at $135,000 after buying an additional 2,216 shares during the period. Amalgamated Bank lifted its position 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 during the period. Finally, Twin Tree Management LP lifted its position in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock worth $28,000 after purchasing an additional 3,047 shares during the period. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.