Aurora Innovation (NASDAQ:AUR) Shares Up 0.3% – Here’s What Happened

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) traded up 0.3% during trading on Thursday . The stock traded as high as $7.08 and last traded at $6.71. 4,676,567 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 16,353,327 shares. The stock had previously closed at $6.69.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AUR. TD Cowen boosted their price target 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. 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 report on Wednesday, January 8th. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective for the company. Finally, Evercore ISI boosted their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aurora Innovation presently has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Stock Up 1.8 %

The stock has a market capitalization of $11.70 billion, a PE ratio of -13.90 and a beta of 2.85. The business’s fifty day moving average is $6.89 and its 200-day moving average is $5.62.

Insiders Place Their Bets

In related news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction 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 in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the completion of the transaction, the director now owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock worth $48,432,337 over the last three months. 13.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. GPS Wealth Strategies Group LLC increased its position in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Aurora Innovation during the 2nd quarter valued at about $51,000. Souders Financial Advisors acquired a new stake in shares of Aurora Innovation in the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp acquired a new stake in Aurora Innovation in the 3rd quarter valued at approximately $63,000. 44.71% of the stock is currently owned by 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.