Aurora Innovation (NASDAQ:AUR) Trading Down 1.5% – Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price dropped 1.5% during mid-day trading on Thursday . The company traded as low as $7.07 and last traded at $7.09. Approximately 3,332,590 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 15,181,268 shares. The stock had previously closed at $7.19.

Analysts Set New Price Targets

AUR has been the topic of a number of recent analyst reports. TD Cowen increased 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. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. Wolfe Research assumed coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Evercore ISI upped 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. Finally, Canaccord Genuity Group upped their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Stock Down 3.1 %

The business’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $5.70. The firm has a market capitalization of $11.97 billion, a P/E ratio of -14.25 and a beta of 2.85.

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 transaction, the director now directly owns 344,647 shares of the company’s stock, 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 through this link. Also, Director Reid Hoffman sold 829,713 shares of Aurora Innovation stock in a transaction on Friday, November 8th. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02. Following the completion of the transaction, the director now directly owns 310,939 shares in the company, valued at approximately $1,722,602.06. The trade was a 72.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,882,793 shares of company stock worth $21,305,724 over the last ninety days. Insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after acquiring an additional 1,723 shares in the last quarter. Amalgamated Bank boosted its holdings in Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after acquiring an additional 2,913 shares in the last quarter. ASB Consultores LLC boosted its holdings in Aurora Innovation by 24.0% in the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after acquiring an additional 3,088 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after buying an additional 4,054 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Aurora Innovation by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock valued at $859,000 after buying an additional 4,154 shares in the last quarter. Institutional investors 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.