Aurora Innovation (NASDAQ:AUR) Sees Large Volume Increase Following Analyst Upgrade

Shares of Aurora Innovation, Inc. (NASDAQ:AURGet 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

In other news, Director Reid Hoffman sold 1,393,874 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total value of $7,596,613.30. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 13.83% of the stock is currently owned by insiders.

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

(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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