Aurora Innovation (NASDAQ:AUR) Trading Up 0.8% – Here’s Why

Aurora Innovation, Inc. (NASDAQ:AUR) shares were up 0.8% on Wednesday . The company traded as high as $7.07 and last traded at $6.96. Approximately 1,382,755 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 15,338,833 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AUR shares. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Evercore ISI increased their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Trading Up 1.7 %

The stock’s 50-day moving average price is $6.96 and its two-hundred day moving average price is $5.71. The stock has a market capitalization of $12.37 billion, a P/E ratio of -14.69 and a beta of 2.85.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the firm’s 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 transaction, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 1,181,400 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00. Following the sale, the director now owns 125,000 shares in the company, valued at approximately $700,000. This trade represents a 90.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,053,080 shares of company stock valued at $16,709,114. Company insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in Aurora Innovation by 67.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock worth $1,386,000 after acquiring an additional 202,413 shares during the last quarter. SG Americas Securities LLC grew its holdings in Aurora Innovation by 1,160.5% in the 3rd quarter. SG Americas Securities LLC now owns 171,357 shares of the company’s stock worth $1,014,000 after acquiring an additional 157,763 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Aurora Innovation by 19.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 167,200 shares of the company’s stock worth $990,000 after acquiring an additional 27,400 shares during the last quarter. Creative Planning bought a new stake in Aurora Innovation in the 3rd quarter worth $652,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Aurora Innovation in the 3rd quarter worth $263,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

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.