Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 1,393,874 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,393,874 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the transaction, the director now owns 672,425 shares of the company’s stock, valued at $3,664,716.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aurora Innovation Stock Down 6.7 %

Shares of NASDAQ:AUR traded down $0.37 during midday trading on Tuesday, hitting $5.18. 13,257,260 shares of the stock traded hands, compared to its average volume of 8,691,618. The stock has a market capitalization of $8.13 billion, a PE ratio of -10.57 and a beta of 2.82. The business’s 50 day moving average is $5.40 and its two-hundred day moving average is $3.95. Aurora Innovation, Inc. has a one year low of $1.73 and a one year high of $7.01.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AUR shares. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday. TD Cowen upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Evercore ISI upped their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently bought and sold shares of AUR. Victory Capital Management Inc. grew its holdings in Aurora Innovation by 9.9% in the third quarter. Victory Capital Management Inc. now owns 112,291 shares of the company’s stock worth $665,000 after purchasing an additional 10,092 shares during the period. Baillie Gifford & Co. grew its holdings in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after purchasing an additional 12,466,085 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Aurora Innovation in the third quarter worth about $2,681,000. Sigma Planning Corp purchased a new stake in Aurora Innovation in the third quarter worth about $63,000. Finally, ARK Investment Management LLC purchased a new stake in Aurora Innovation in the third quarter worth about $12,433,000. 44.71% of the stock is 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.