Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares were down 7% on Wednesday . The stock traded as low as $6.83 and last traded at $6.76. Approximately 3,341,713 shares were traded during trading, a decline of 82% from the average daily volume of 18,775,697 shares. The stock had previously closed at $7.26.
Analyst Ratings Changes
AUR has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a report on Monday, November 4th. Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Wolfe Research started coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating on the stock. Evercore ISI increased their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Finally, Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They set an "overweight" rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Aurora Innovation has an average rating of "Hold" and an average price target of $6.30.
View Our Latest Stock Analysis on AUR
Aurora Innovation Price Performance
The stock has a market cap of $11.98 billion, a PE ratio of -14.22 and a beta of 2.85. The stock's fifty day moving average is $6.79 and its 200-day moving average is $5.49.
Insiders Place Their Bets
In other news, Director Reid Hoffman sold 447,046 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the sale, the director now owns 26,892 shares of the company's stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last 90 days. 13.83% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aurora Innovation
Several large investors have recently bought and sold shares of AUR. Baillie Gifford & Co. raised its holdings in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock worth $502,636,000 after purchasing an additional 12,466,085 shares in the last quarter. Geode Capital Management LLC raised its stake in Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock worth $134,981,000 after acquiring an additional 3,064,342 shares in the last quarter. State Street Corp lifted its position in Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock valued at $131,325,000 after acquiring an additional 2,920,653 shares during the last quarter. FMR LLC lifted its position in Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock valued at $81,983,000 after acquiring an additional 9,325,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock valued at $36,941,000 after acquiring an additional 2,502,002 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company's stock.
About Aurora Innovation
(
Get Free Report)
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.
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