Aurora Innovation (NASDAQ:AUR) Shares Gap Down to $3.00

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.00, but opened at $2.91. Aurora Innovation shares last traded at $2.92, with a volume of 623,995 shares traded.

Wall Street Analysts Forecast Growth

AUR has been the topic of several recent research reports. TD Cowen decreased their price objective on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, March 15th. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group downgraded Aurora Innovation from a “neutral” rating to a “sell” rating and raised their price target for the stock from $1.75 to $2.00 in a research report on Wednesday, January 3rd.

Aurora Innovation Stock Up 1.3 %

The company has a market cap of $4.67 billion, a PE ratio of -4.98 and a beta of 2.91. The stock’s 50 day simple moving average is $2.73 and its two-hundred day simple moving average is $2.73.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the completion of the sale, the director now owns 463,563 shares in the company, valued at approximately $1,168,178.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new position in Aurora Innovation in the third quarter valued at about $27,000. Teacher Retirement System of Texas acquired a new position in Aurora Innovation during the 4th quarter worth approximately $29,000. Willis Johnson & Associates Inc. purchased a new position in Aurora Innovation in the 3rd quarter worth approximately $29,000. ExodusPoint Capital Management LP acquired a new stake in Aurora Innovation during the 2nd quarter valued at $30,000. Finally, Parallel Advisors LLC grew its stake in shares of Aurora Innovation by 91.9% during the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after acquiring an additional 3,400 shares in the last quarter. 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.