Aurora Innovation (NASDAQ:AUR) Trading Up 9.6% – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price traded up 9.6% during mid-day trading on Friday . The stock traded as high as $6.58 and last traded at $6.51. 10,959,534 shares were traded during trading, an increase of 23% from the average session volume of 8,928,380 shares. The stock had previously closed at $5.94.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AUR shares. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Evercore ISI upped their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group raised their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th.

Aurora Innovation Stock Performance

The business has a fifty day moving average price of $5.72 and a 200 day moving average price of $4.16. The company has a market capitalization of $11.15 billion, a PE ratio of -13.08 and a beta of 2.82.

Insider Activity

In related news, Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the sale, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This trade represents a 94.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 8,746,667 shares of company stock valued at $48,243,337. Company insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 purchasing an additional 2,913 shares during the last quarter. ASB Consultores LLC boosted its stake in shares of Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after buying an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after buying an additional 4,054 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after acquiring an additional 4,702 shares in the last quarter. Finally, KBC Group NV grew its holdings in Aurora Innovation by 41.1% during the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after acquiring an additional 7,595 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other 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.