Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells $19,530,000.00 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction dated 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 directly owns 382,425 shares of the company’s stock, valued at $2,133,931.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded up $0.12 during trading on Friday, hitting $5.61. 7,884,597 shares of the stock were exchanged, compared to its average volume of 8,738,306. The company has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $3.97. Aurora Innovation, Inc. has a 12-month low of $1.73 and a 12-month high of $7.01.

Institutional Trading of Aurora Innovation

Several large investors have recently bought and sold shares of the company. Sterling Investment Advisors Ltd. purchased a new stake in Aurora Innovation in the 3rd quarter valued at approximately $1,184,000. Vanguard Group Inc. lifted its position in shares of Aurora Innovation by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after acquiring an additional 1,267,962 shares in the last quarter. Creative Planning purchased a new stake in shares of Aurora Innovation in the third quarter valued at $652,000. The Manufacturers Life Insurance Company boosted its stake in shares of Aurora Innovation by 67.9% during the second quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock valued at $1,386,000 after acquiring an additional 202,413 shares during the last quarter. Finally, Empowered Funds LLC increased its position 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 purchasing an additional 5,386 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

AUR has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. TD Cowen lifted their price objective on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday.

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.