Aurora Innovation (NASDAQ:AUR) Shares Up 0.8% – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR) shares traded up 0.8% during trading on Wednesday . The stock traded as high as $7.07 and last traded at $6.96. 1,382,755 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 15,338,833 shares. The stock had previously closed at $6.91.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Evercore ISI raised their price target on shares of 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 upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target for the company. Finally, Canaccord Genuity Group increased their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.30.

Aurora Innovation Stock Performance

The stock has a market capitalization of $12.09 billion, a PE ratio of -14.36 and a beta of 2.85. The firm’s 50 day moving average is $6.93 and its two-hundred day moving average is $5.69.

Insiders Place Their Bets

In other news, Director Gloria R. Boyland sold 30,000 shares of the 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 completion of the sale, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reid Hoffman sold 537,837 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. This represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,882,793 shares of company stock valued at $21,305,724 in the last ninety days. Insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC grew its stake in Aurora Innovation by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 2,412,353 shares of the company’s stock valued at $15,198,000 after acquiring an additional 312,144 shares during the last quarter. Sterling Investment Advisors Ltd. increased its stake in Aurora Innovation by 12.6% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 225,200 shares of the company’s stock valued at $1,419,000 after purchasing an additional 25,200 shares during the last quarter. Winebrenner Capital Management LLC purchased a new position in Aurora Innovation during the fourth quarter worth approximately $70,000. Handelsbanken Fonder AB boosted its holdings in Aurora Innovation by 43.3% in the fourth quarter. Handelsbanken Fonder AB now owns 239,600 shares of the company’s stock valued at $1,509,000 after acquiring an additional 72,400 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after buying an additional 1,723 shares during the period. 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.