Sora Investors LLC Sells 1,500,000 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Sora Investors LLC trimmed its position in Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) by 60.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,000,000 shares of the company's stock after selling 1,500,000 shares during the period. Sora Investors LLC owned 0.06% of Aurora Innovation worth $5,920,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System grew its position in shares of Aurora Innovation by 11.6% during the 1st quarter. California State Teachers Retirement System now owns 655,322 shares of the company's stock valued at $1,848,000 after acquiring an additional 67,921 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Aurora Innovation during the second quarter valued at $30,000. Clear Harbor Asset Management LLC bought a new position in shares of Aurora Innovation during the 2nd quarter worth $244,000. Nisa Investment Advisors LLC increased its holdings in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company's stock valued at $54,000 after buying an additional 4,702 shares during the period. Finally, Diversified Portfolios Inc. purchased a new position in Aurora Innovation in the second quarter valued at about $54,000. 44.71% of the stock is currently owned by institutional investors.

Insider Transactions at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction on Tuesday, November 26th. The shares were 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 owns 344,647 shares of the company's stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the company's 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 sale, the director now directly owns 382,425 shares of the company's stock, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by corporate insiders.

Aurora Innovation Price Performance

Shares of AUR stock traded up $0.99 on Friday, hitting $7.91. 14,536,269 shares of the stock traded hands, compared to its average volume of 9,051,371. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $8.05. The company's fifty day moving average is $5.92 and its 200 day moving average is $4.39. The company has a market capitalization of $13.59 billion, a PE ratio of -15.06 and a beta of 2.86.

Analyst Upgrades and Downgrades

AUR has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a "sell" rating in a research note on Monday, November 4th. Canaccord Genuity Group restated a "buy" rating and issued a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI raised their price target on Aurora Innovation from $3.00 to $5.00 and gave the company 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, Wolfe Research began coverage on Aurora Innovation in a report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $4.63.

Aurora Innovation 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.