Reid Hoffman Sells 1,181,400 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Reid Hoffman sold 1,181,400 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $5.60, for a total value of $6,615,840.00. Following the sale, the director now directly owns 125,000 shares of the company's stock, valued at approximately $700,000. This represents a 90.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Reid Hoffman also recently made the following trade(s):

• On Friday, November 15th, Reid Hoffman sold 447,046 shares of Aurora Innovation stock. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The stock was sold at an average price of $5.49, for a total value of $4,703,815.53.
• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The shares were sold at an average price of $5.54, for a total value of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The shares were sold at an average price of $5.58, for a total value of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Trading Down 7.2 %

AUR stock traded down $0.39 during midday trading on Friday, hitting $4.99. 10,380,333 shares of the company's stock were exchanged, compared to its average volume of 8,830,546. Aurora Innovation, Inc. has a 12-month low of $2.04 and a 12-month high of $7.01. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82. The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $4.06.

Institutional Trading of Aurora Innovation

Several institutional investors have recently modified their holdings of AUR. Sequoia Financial Advisors LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter worth about $30,000. Profund Advisors LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter worth approximately $46,000. Empowered Funds LLC raised its holdings in shares of Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company's stock worth $50,000 after buying an additional 5,386 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter worth approximately $51,000. Finally, Diversified Portfolios Inc. acquired a new stake in Aurora Innovation during the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Wall Street Analyst Weigh In

AUR has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a "buy" rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. Evercore ISI raised their price target 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. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research note on Monday, November 4th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.