Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders bought 18,978 call options on the stock. This is an increase of 122% compared to the average volume of 8,557 call options.
Analyst Ratings Changes
Several brokerages have recently weighed in on AUR. Wolfe Research began coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a "peer perform" rating on the stock. TD Cowen upped their price target 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 price target on Aurora Innovation from $2.00 to $2.50 and gave the company a "sell" rating in a research report on Monday, November 4th. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price objective on shares of Aurora Innovation in a research report on Thursday. Finally, Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.30.
Read Our Latest Research Report on Aurora Innovation
Insider Buying and Selling at Aurora Innovation
In other news, Director Gloria R. Boyland sold 30,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Reid Hoffman sold 537,837 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the sale, the director now owns 286,247 shares in the company, valued at approximately $1,568,633.56. This represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.83% of the company's stock.
Institutional Trading of Aurora Innovation
A number of institutional investors have recently made changes to their positions in AUR. JPMorgan Chase & Co. lifted its stake in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock worth $8,172,000 after acquiring an additional 394,933 shares during the period. Citigroup Inc. lifted its stake in Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company's stock worth $4,175,000 after acquiring an additional 491,125 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company's stock worth $49,875,000 after acquiring an additional 1,776,513 shares during the period. Sterling Investment Advisors Ltd. purchased a new stake in Aurora Innovation in the third quarter worth $1,184,000. Finally, State Street Corp lifted its stake in Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company's stock worth $131,325,000 after acquiring an additional 2,920,653 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.
Aurora Innovation Stock Performance
AUR traded up $0.81 during midday trading on Friday, hitting $10.23. The stock had a trading volume of 34,921,707 shares, compared to its average volume of 16,413,133. The company has a market cap of $17.57 billion, a P/E ratio of -20.87 and a beta of 2.85. The business has a fifty day moving average of $7.04 and a 200 day moving average of $5.80. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $10.77.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Aurora Innovation will post -0.47 earnings per share for the current year.
About Aurora Innovation
(
Get Free Report)
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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