Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 3,500,000 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 3,500,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the transaction, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Reid Hoffman also recently made the following trade(s):

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The stock was sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Stock Up 2.2 %

Shares of AUR stock opened at $5.61 on Friday. The stock has a market cap of $9.64 billion, a PE ratio of -11.45 and a beta of 2.82. The business has a 50-day simple moving average of $5.47 and a 200-day simple moving average of $3.99. Aurora Innovation, Inc. has a 52-week low of $1.73 and a 52-week high of $7.01.

Hedge Funds Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in Aurora Innovation by 17.2% in 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 during the period. Vanguard Group Inc. raised its holdings in shares of Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after acquiring an additional 1,267,962 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Aurora Innovation by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Aurora Innovation by 1.0% in the second quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock worth $28,303,000 after acquiring an additional 102,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after acquiring an additional 3,800,901 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AUR shares. Canaccord Genuity Group reaffirmed 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 lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. TD Cowen lifted 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. Finally, Evercore ISI lifted their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th.

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.