Aurora Innovation (NASDAQ:AUR) Shares Gap Down – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.19, but opened at $9.44. Aurora Innovation shares last traded at $9.28, with a volume of 7,241,684 shares.

Analyst Upgrades and Downgrades

AUR has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Aurora Innovation in a research report on Thursday, February 13th. Evercore ISI lifted their price objective on Aurora Innovation from $5.00 to $6.00 and gave the company an “in-line” rating in a report on Tuesday. 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. Finally, TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. 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. Based on data from MarketBeat, Aurora Innovation presently has a consensus rating of “Hold” and a consensus target price of $6.50.

Aurora Innovation Trading Down 7.0 %

The company has a market cap of $14.28 billion, a P/E ratio of -17.68 and a beta of 2.85. The company has a 50 day moving average price of $7.26 and a 200-day moving average price of $6.00.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Equities analysts expect that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AUR. Twin Tree Management LP grew its holdings in Aurora Innovation by 217.2% during the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after purchasing an additional 4,955 shares during the last quarter. Souders Financial Advisors acquired a new stake in Aurora Innovation in the third quarter valued at $59,000. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation during the 3rd quarter worth $60,000. Finally, Sigma Planning Corp acquired a new position in Aurora Innovation during the 3rd quarter worth about $63,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.