Aurora Innovation Target of Unusually Large Options Trading (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 18,978 call options on the stock. This is an increase of 122% compared to the average volume of 8,557 call options.

Aurora Innovation Trading Up 8.2 %

AUR traded up $0.77 during trading on Friday, reaching $10.19. 38,214,166 shares of the company were exchanged, compared to its average volume of 11,015,713. The stock has a market cap of $17.51 billion, a P/E ratio of -20.80 and a beta of 2.85. The firm has a 50 day moving average of $7.14 and a 200 day moving average of $5.88. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $10.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. As a group, analysts forecast that Aurora Innovation will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AUR shares. Wolfe Research started coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 target price on shares of Aurora Innovation in a research report on Thursday. TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group upped their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.30.

Insider Activity

In related news, Director Gloria R. Boyland sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now directly 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Reid Hoffman sold 537,837 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now directly owns 286,247 shares in the company, valued at $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Uber Technologies Inc acquired a new stake in Aurora Innovation in the fourth quarter worth approximately $2,053,632,000. Baillie Gifford & Co. boosted its stake in Aurora Innovation by 17.2% during the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company's stock valued at $502,636,000 after buying an additional 12,466,085 shares in the last quarter. FMR LLC grew its holdings in Aurora Innovation by 206.1% during the third quarter. FMR LLC now owns 13,848,530 shares of the company's stock worth $81,983,000 after acquiring an additional 9,325,013 shares during the period. Norges Bank bought a new stake in Aurora Innovation in the fourth quarter worth about $45,772,000. Finally, Price T Rowe Associates Inc. MD raised its position in Aurora Innovation by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company's stock worth $168,030,000 after acquiring an additional 3,237,609 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors.

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.