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.
View Our Latest Research Report on Aurora Innovation
About Aurora Innovation
(
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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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