Aurora Innovation Target of Unusually Large Options Trading (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of unusually large options trading on Tuesday. Traders acquired 18,978 call options on the stock. This represents an increase of 122% compared to the average daily volume of 8,557 call options.

Insiders Place Their Bets

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the business’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 transaction of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $2,947,346.76. Following the completion of the transaction, the director now directly owns 286,247 shares in the company, valued at $1,568,633.56. This represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,014,883 shares of company stock worth $5,389,459 in the last three months. 13.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Tree Management LP grew its holdings in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after acquiring an additional 3,047 shares during the period. GPS Wealth Strategies Group LLC grew its stake 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 acquiring an additional 4,955 shares during the last quarter. Souders Financial Advisors purchased a new position in shares of Aurora Innovation during the 3rd quarter worth approximately $59,000. Grimes & Company Inc. acquired a new position in shares of Aurora Innovation in the fourth quarter worth $63,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the 3rd quarter valued at about $60,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Price Performance

AUR stock opened at $6.45 on Thursday. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $9.83. The firm has a market capitalization of $11.08 billion, a P/E ratio of -13.16 and a beta of 2.85. The business’s 50-day moving average is $7.04 and its two-hundred day moving average is $5.80.

Aurora Innovation (NASDAQ:AUR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) EPS for the quarter. On average, analysts expect that Aurora Innovation will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Canaccord Genuity Group increased their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. TD Cowen upped their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Wolfe Research initiated coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.30.

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.