Aurora Innovation (NASDAQ:AUR) Trading Down 6.4% - Here's What Happened

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AUR shares. TD Cowen boosted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating for the company. Finally, Evercore ISI upped their target price on shares of Aurora Innovation from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.50.

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Aurora Innovation Trading Down 5.7 %

The stock has a market cap of $12.20 billion, a P/E ratio of -14.91 and a beta of 2.85. The firm's 50-day simple moving average is $7.27 and its 200 day simple moving average is $6.10.

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

Insider Activity

In other news, Director Gloria R. Boyland sold 30,000 shares of the 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 completion of the transaction, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Twin Tree Management LP lifted its stake in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company's stock valued at $28,000 after purchasing an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company's stock valued at $44,000 after purchasing an additional 4,955 shares during the last quarter. Souders Financial Advisors acquired a new stake in Aurora Innovation during the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp acquired a new stake in Aurora Innovation during the third quarter valued at approximately $63,000. 44.71% of the stock is currently owned by institutional investors.

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.