Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Up 11.6% in January

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 79,950,000 shares, an increase of 11.6% from the January 15th total of 71,670,000 shares. Based on an average daily volume of 13,190,000 shares, the short-interest ratio is presently 6.1 days. Approximately 8.2% of the company’s shares are sold short.

Insider Activity

In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reid Hoffman sold 537,837 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now owns 286,247 shares in the company, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Uber Technologies Inc acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at approximately $2,053,632,000. Vanguard Group Inc. grew its stake in Aurora Innovation by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 113,020,406 shares of the company’s stock valued at $712,029,000 after purchasing an additional 2,687,191 shares in the last quarter. Baillie Gifford & Co. grew its stake in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after purchasing an additional 12,466,085 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Aurora Innovation by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,671,319 shares of the company’s stock valued at $168,030,000 after purchasing an additional 3,237,609 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Aurora Innovation by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 23,374,230 shares of the company’s stock valued at $147,292,000 after purchasing an additional 577,704 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on AUR shares. Wolfe Research initiated coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. TD Cowen raised their price objective on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Canaccord Genuity Group upped their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Aurora Innovation in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Aurora Innovation has a consensus rating of “Hold” and a consensus target price of $6.30.

Aurora Innovation Trading Up 8.2 %

NASDAQ AUR traded up $0.77 during trading hours on Friday, hitting $10.19. The company’s stock had a trading volume of 38,214,166 shares, compared to its average volume of 11,015,713. The stock has a fifty day moving average of $7.14 and a 200 day moving average of $5.88. Aurora Innovation has a twelve month low of $2.10 and a twelve month high of $10.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.11) earnings per share for the quarter. On average, analysts predict that Aurora Innovation will post -0.47 EPS for the current year.

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.