Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) saw an uptick in trading volume on Monday after The Goldman Sachs Group raised their price target on the stock from $2.00 to $2.50. The Goldman Sachs Group currently has a sell rating on the stock. 4,100,765 shares were traded during trading, a decline of 52% from the previous session’s volume of 8,602,210 shares.The stock last traded at $5.33 and had previously closed at $5.81.
Other equities research analysts have also issued reports about the company. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research note on Monday, September 30th.
Read Our Latest Research Report on AUR
Insider Transactions at Aurora Innovation
Institutional Investors Weigh In On Aurora Innovation
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in shares of Aurora Innovation by 17.2% during the 3rd 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after purchasing an additional 1,267,962 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after purchasing an additional 2,502,002 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock worth $28,303,000 after purchasing an additional 102,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Aurora Innovation by 273.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other institutional investors.
Aurora Innovation Stock Performance
The stock has a 50 day moving average price of $5.40 and a two-hundred day moving average price of $3.95.
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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