Aurora Innovation (NASDAQ:AUR) Trading Down 4.4%

Aurora Innovation, Inc. (NASDAQ:AUR) dropped 4.4% during trading on Tuesday . The company traded as low as $3.65 and last traded at $3.66. Approximately 4,219,117 shares changed hands during trading, a decline of 52% from the average daily volume of 8,748,262 shares. The stock had previously closed at $3.83.

Aurora Innovation Trading Down 8.0 %

The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $2.94. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of -6.95 and a beta of 2.76.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 45,600 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $3.16, for a total transaction of $144,096.00. Following the sale, the director now directly owns 389,694 shares of the company’s stock, valued at $1,231,433.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Aurora Innovation by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,171,940 shares of the company’s stock worth $22,601,000 after buying an additional 353,301 shares during the period. Vanguard Group Inc. grew its holdings in Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after purchasing an additional 1,267,962 shares during the period. Cadian Capital Management LP bought a new stake in Aurora Innovation in the fourth quarter valued at approximately $17,914,000. Empowered Funds LLC raised its stake in Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after buying an additional 5,386 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Aurora Innovation by 11.2% during the fourth quarter. New York State Common Retirement Fund now owns 138,192 shares of the company’s stock worth $604,000 after acquiring an additional 13,875 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.