Aurora Innovation (NASDAQ:AUR) Trading 0.8% Higher - Here's What Happened

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 0.8% during mid-day trading on Wednesday . The company traded as high as $7.07 and last traded at $6.96. 1,382,755 shares were traded during mid-day trading, a decline of 91% from the average session volume of 15,338,833 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

AUR has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday, November 4th. TD Cowen raised their price target on shares of 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 boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an "overweight" rating and a $10.00 target price for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.30.

Aurora Innovation Stock Up 8.3 %

The firm has a market cap of $13.40 billion, a P/E ratio of -15.92 and a beta of 2.85. The stock's 50-day moving average is $6.98 and its 200-day moving average is $5.75.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 447,046 shares of the stock in a transaction dated Friday, November 15th. The shares were 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 $135,535.68. This represents a 94.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction dated 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 directly owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,196,283 shares of company stock valued at $12,005,299. Corporate insiders own 13.83% of the company's stock.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Tree Management LP lifted its stake in shares of 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 acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Aurora Innovation by 241.7% during the 4th 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 period. Souders Financial Advisors bought a new position in shares of Aurora Innovation in the 3rd quarter valued at about $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth approximately $60,000. Finally, Sigma Planning Corp acquired a new position in Aurora Innovation in the third quarter valued at approximately $63,000. 44.71% of the stock is owned by institutional investors and hedge funds.

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.