Reid Hoffman Sells 1,181,400 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00. Following the sale, the director now directly owns 125,000 shares of the company’s stock, valued at $700,000. This represents a 90.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, November 15th, Reid Hoffman sold 447,046 shares of Aurora Innovation stock. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The stock was sold at an average price of $5.49, for a total transaction of $4,703,815.53.
• 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 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 Stock Down 7.2 %

AUR opened at $4.99 on Friday. The firm’s 50-day moving average price is $5.58 and its 200-day moving average price is $4.08. The company has a market cap of $8.57 billion, a P/E ratio of -10.18 and a beta of 2.82. Aurora Innovation, Inc. has a 52-week low of $2.04 and a 52-week high of $7.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Souders Financial Advisors acquired a new position in shares of Aurora Innovation in the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aurora Innovation in the third quarter worth $60,000. Reynders McVeigh Capital Management LLC acquired a new position in Aurora Innovation during the third quarter valued at $63,000. Sigma Planning Corp acquired a new stake in Aurora Innovation during the 3rd quarter worth about $63,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Aurora Innovation in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen lifted their price target 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. Finally, Evercore ISI upped their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th.

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.