Aurora Innovation, Inc. (NASDAQ:AUR – Get Free Report) shares fell 4.7% during mid-day trading on Thursday . The company traded as low as $7.01 and last traded at $7.02. 774,313 shares traded hands during trading, a decline of 91% from the average session volume of 9,080,011 shares. The stock had previously closed at $7.37.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on AUR shares. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research note on Monday, September 30th. 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 research report on Thursday, October 31st. Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group boosted 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. One investment 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.70.
View Our Latest Stock Report on Aurora Innovation
Aurora Innovation Stock Performance
Insider Transactions at Aurora Innovation
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 transaction, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the sale, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 over the last three months. Company insiders own 13.83% of the company’s stock.
Hedge Funds Weigh In On Aurora Innovation
A number of institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in shares of Aurora Innovation by 17.2% during the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock worth $502,636,000 after buying an additional 12,466,085 shares during the period. Geode Capital Management LLC lifted its position in Aurora Innovation by 15.5% during the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after acquiring an additional 3,064,342 shares during the last quarter. State Street Corp boosted its holdings in shares of Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after acquiring an additional 2,920,653 shares during the period. FMR LLC grew its position in shares of Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after purchasing an additional 9,325,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after purchasing an additional 2,502,002 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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