Shares of Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) shot up 3.2% on Friday . The company traded as high as $7.08 and last traded at $7.03. 2,937,670 shares changed hands during trading, a decline of 82% from the average session volume of 15,952,413 shares. The stock had previously closed at $6.81.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AUR. The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Canaccord Genuity Group boosted their price target on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI boosted their price target 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. TD Cowen boosted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Aurora Innovation presently has an average rating of “Hold” and an average target price of $6.30.
View Our Latest Analysis on Aurora Innovation
Aurora Innovation Stock Up 0.9 %
Insider Buying and Selling at Aurora Innovation
In other news, Director Reid Hoffman sold 1,393,874 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the transaction, the director now directly owns 672,425 shares of the company’s stock, valued at $3,664,716.25. This represents a 67.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aurora Innovation
A number of hedge funds have recently modified their holdings of AUR. GPS Wealth Strategies Group LLC raised its position in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares in the last quarter. Souders Financial Advisors acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $60,000. Sigma Planning Corp acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth about $63,000. Finally, Reynders McVeigh Capital Management LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter worth about $63,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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