Aurora Innovation (NASDAQ:AUR) Trading Up 0.8% – Should You Buy?

Aurora Innovation, Inc. (NASDAQ:AUR) was up 0.8% during trading on Wednesday . The company traded as high as $7.07 and last traded at $6.96. Approximately 1,382,755 shares changed hands during trading, a decline of 91% from the average daily volume of 15,338,833 shares. The stock had previously closed at $6.91.

Analyst Ratings Changes

AUR has been the subject of several recent analyst reports. Evercore ISI increased 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. Wolfe Research began coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen raised their price objective 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. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, Cantor Fitzgerald started coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Stock Performance

The stock has a market cap of $12.09 billion, a P/E ratio of -14.36 and a beta of 2.85. The stock’s fifty day simple moving average is $6.93 and its 200-day simple moving average is $5.69.

Insider Activity

In other news, Director Reid Hoffman sold 856,797 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.49, for a total transaction of $4,703,815.53. Following the transaction, the director now directly owns 268,099 shares of the company’s stock, valued at $1,471,863.51. This represents a 76.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,882,793 shares of company stock worth $21,305,724. Corporate insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc boosted its holdings in Aurora Innovation by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 35,587 shares of the company’s stock valued at $224,000 after acquiring an additional 1,723 shares in the last quarter. Amalgamated Bank grew its position in Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after purchasing an additional 2,913 shares during the period. ASB Consultores LLC grew its position in Aurora Innovation by 24.0% during the third 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 period. Glenmede Trust Co. NA lifted its position in shares of Aurora Innovation by 14.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after buying an additional 4,054 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Aurora Innovation by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 136,408 shares of the company’s stock valued at $859,000 after acquiring an additional 4,154 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

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.