Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells $2,947,346.76 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 537,837 shares of Aurora Innovation 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 transaction, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, November 15th, Reid Hoffman sold 447,046 shares of Aurora Innovation stock. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84.
• On Wednesday, November 13th, Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock. The stock was sold at an average price of $5.60, for a total transaction of $6,615,840.00.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The stock was sold at an average price of $5.49, for a total transaction of $4,703,815.53.
• 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 transaction of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00.
• 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 transaction of $7,596,613.30.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.24 on Wednesday. Aurora Innovation, Inc. has a 1 year low of $2.06 and a 1 year high of $7.01. The firm has a 50 day moving average price of $5.63 and a 200 day moving average price of $4.12. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -12.73 and a beta of 2.82.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AUR. TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Finally, The Goldman Sachs Group boosted their target price 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.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in Aurora Innovation during the second quarter valued at approximately $30,000. Profund Advisors LLC acquired a new position in Aurora Innovation during the second quarter valued at approximately $46,000. Empowered Funds LLC lifted its position in Aurora Innovation by 44.1% during the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after buying an additional 5,386 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation during the second quarter valued at approximately $51,000. Finally, Diversified Portfolios Inc. acquired a new position in Aurora Innovation during the second quarter valued at approximately $54,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

About Aurora Innovation

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.