Aurora Innovation (NASDAQ:AUR) Stock Price Down 1.1% – Here’s Why

Aurora Innovation, Inc. (NASDAQ:AUR) fell 1.1% on Thursday . The company traded as low as $6.75 and last traded at $6.89. 3,592,808 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 18,247,104 shares. The stock had previously closed at $6.97.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AUR. Canaccord Genuity Group upped their price target on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI boosted their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. TD Cowen increased their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald began coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective 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 stock. According to MarketBeat.com, Aurora Innovation has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Stock Down 1.4 %

The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of -14.03 and a beta of 2.85. The company has a 50-day moving average price of $6.79 and a 200-day moving average price of $5.49.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 537,837 shares of the firm’s stock in a transaction that occurred on 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 owns 286,247 shares in the company, valued at $1,568,633.56. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 owns 344,647 shares in the company, valued at $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock valued at $48,432,337 in the last 90 days. 13.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently made changes to their positions in AUR. Profund Advisors LLC acquired a new stake in Aurora Innovation during the 2nd quarter valued at $46,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Aurora Innovation in the second quarter valued at about $51,000. Souders Financial Advisors acquired a new position in Aurora Innovation during the 3rd quarter worth about $59,000. Dynamic Technology Lab Private Ltd bought a new stake in Aurora Innovation during the 3rd quarter worth about $60,000. Finally, Sigma Planning Corp acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.