Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares rose 8.7% during trading on Wednesday . The stock traded as high as $7.00 and last traded at $6.97. Approximately 3,062,725 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 22,029,111 shares. The stock had previously closed at $6.41.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AUR shares. Cantor Fitzgerald assumed 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. The Goldman Sachs Group upped 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 report on Thursday, October 31st. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a "peer perform" rating for the company. Finally, Evercore ISI raised their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.30.
Check Out Our Latest Report on Aurora Innovation
Aurora Innovation Price Performance
The firm has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $5.35. The firm has a market cap of $11.48 billion, a PE ratio of -13.63 and a beta of 2.85.
Insider Buying and Selling
In other Aurora Innovation news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the transaction, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was 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 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. Insiders have sold 8,776,667 shares of company stock valued at $48,432,337 over the last quarter. Corporate insiders own 13.83% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in shares of Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after buying an additional 12,466,085 shares during the last quarter. FMR LLC lifted its stake in Aurora Innovation by 206.1% during the 3rd 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 period. Geode Capital Management LLC boosted its holdings in shares of Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company's stock valued at $134,981,000 after acquiring an additional 3,064,342 shares during the last quarter. State Street Corp grew its stake in shares of Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Aurora Innovation by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company's stock valued at $36,941,000 after purchasing an additional 2,502,002 shares during the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.
Aurora Innovation Company Profile
(
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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