Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 829,713 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 829,713 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02. Following the transaction, the director now directly owns 310,939 shares in the company, valued at approximately $1,722,602.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 value 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 value of $7,596,613.30.

Aurora Innovation Trading Up 2.2 %

AUR opened at $5.61 on Friday. The firm has a 50 day moving average of $5.47 and a two-hundred day moving average of $3.99. The firm has a market capitalization of $9.64 billion, a PE ratio of -11.45 and a beta of 2.82. Aurora Innovation, Inc. has a 12-month low of $1.73 and a 12-month high of $7.01.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. 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 report on Monday, October 14th. Finally, TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at about $30,000. Profund Advisors LLC purchased a new position in Aurora Innovation during the second quarter valued at approximately $46,000. Empowered Funds LLC lifted its holdings in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after acquiring an additional 5,386 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Aurora Innovation in the 2nd quarter worth approximately $51,000. Finally, Diversified Portfolios Inc. acquired a new stake in shares of Aurora Innovation during the 2nd quarter worth approximately $54,000. 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.