Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 856,797 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 856,797 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.49, for a total value of $4,703,815.53. Following the transaction, the director now directly owns 268,099 shares in the company, valued at $1,471,863.51. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Reid Hoffman also recently made the following trade(s):

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30.

Aurora Innovation Stock Down 1.1 %

Shares of AUR stock opened at $5.40 on Wednesday. The stock has a market cap of $9.28 billion, a PE ratio of -11.02 and a beta of 2.82. Aurora Innovation, Inc. has a 52-week low of $1.73 and a 52-week high of $7.01. The business has a 50-day simple moving average of $5.51 and a 200-day simple moving average of $4.05.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently bought and sold shares of the stock. Algert Global LLC lifted its stake in shares of Aurora Innovation by 29.8% in the 3rd quarter. Algert Global LLC now owns 345,061 shares of the company’s stock valued at $2,043,000 after purchasing an additional 79,140 shares during the period. Citigroup Inc. increased its holdings in Aurora Innovation by 229.4% in the third quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after buying an additional 491,125 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after acquiring an additional 1,776,513 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Aurora Innovation during the 3rd quarter worth about $1,071,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Aurora Innovation during the 3rd quarter valued at about $94,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AUR. 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 report on Monday, October 14th. The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Finally, 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.

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.