Aurora Innovation (NASDAQ:AUR) Trading 10.3% Higher

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s stock price was up 10.3% during trading on Thursday . The company traded as high as $3.21 and last traded at $3.21. Approximately 1,972,279 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 7,973,897 shares. The stock had previously closed at $2.91.

Analyst Ratings Changes

A number of equities analysts recently commented on AUR shares. Canaccord Genuity Group lifted their target price on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. TD Cowen decreased their target price on shares of Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating on the stock in a research report on Friday, March 15th.

Aurora Innovation Trading Up 13.7 %

The business's 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.89. The stock has a market cap of $5.14 billion, a P/E ratio of -6.02 and a beta of 2.75.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter.

Insider Activity

In other Aurora Innovation news, Director Reid Hoffman sold 338,000 shares of Aurora Innovation stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $3.19, for a total value of $1,078,220.00. Following the completion of the transaction, the director now directly owns 442,663 shares of the company's stock, valued at $1,412,094.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.83% of the company's stock.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the company. ASB Consultores LLC purchased a new stake in Aurora Innovation during the third quarter valued at $44,000. Wellington Management Group LLP grew its holdings in shares of Aurora Innovation by 48.6% in the third quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company's stock worth $42,443,000 after purchasing an additional 5,903,484 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 73.2% in the third quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company's stock worth $185,394,000 after purchasing an additional 33,348,395 shares during the last quarter. WBH Advisory Inc. bought a new position in shares of Aurora Innovation in the fourth quarter worth about $125,000. Finally, SG Americas Securities LLC grew its holdings in shares of Aurora Innovation by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 59,614 shares of the company's stock worth $261,000 after purchasing an additional 21,130 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.