Reid Hoffman Sells 3,500,000 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Reid Hoffman sold 3,500,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 382,425 shares in the company, valued at $2,133,931.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02.
• 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 Price Performance

Shares of AUR traded up $0.12 during trading on Friday, reaching $5.61. 7,884,597 shares of the company traded hands, compared to its average volume of 8,738,306. The stock has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $3.97. Aurora Innovation, Inc. has a twelve month low of $1.73 and a twelve month high of $7.01.

Institutional Trading of Aurora Innovation

Institutional investors have recently added to or reduced their stakes in the stock. Souders Financial Advisors acquired a new position in shares of Aurora Innovation in the third quarter valued at approximately $59,000. Sigma Planning Corp acquired a new position in shares of Aurora Innovation in the third quarter worth $63,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Aurora Innovation during the second quarter worth $30,000. ASB Consultores LLC raised its stake in shares of Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company's stock valued at $94,000 after acquiring an additional 3,088 shares in the last quarter. Finally, Drive Wealth Management LLC purchased a new position in Aurora Innovation in the third quarter valued at $94,000. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group boosted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a report on Monday. 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. Finally, Evercore ISI upped their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an "in-line" rating in a report on Monday, October 14th.

Aurora Innovation Company Profile

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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