Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 30,000 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Gloria R. Boyland sold 30,000 shares of the business’s 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 transaction, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Aurora Innovation Trading Up 7.3 %

Shares of AUR traded up $0.44 during mid-day trading on Wednesday, reaching $6.49. The company’s stock had a trading volume of 8,404,646 shares, compared to its average volume of 8,973,318. The company’s fifty day moving average price is $5.80 and its two-hundred day moving average price is $4.24. Aurora Innovation, Inc. has a 52 week low of $2.06 and a 52 week high of $7.01. The stock has a market cap of $11.15 billion, a PE ratio of -13.27 and a beta of 2.82.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently made changes to their positions in AUR. Baillie Gifford & Co. boosted its stake in shares of Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after purchasing an additional 31,841,994 shares during the period. FMR LLC lifted its position in shares of Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after buying an additional 9,325,013 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after purchasing an additional 3,800,901 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Aurora Innovation by 15.5% in the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after acquiring an additional 3,064,342 shares during the last quarter. Finally, State Street Corp increased its position in shares of Aurora Innovation by 15.2% during the 3rd quarter. State Street Corp now owns 22,183,252 shares of the company’s stock worth $131,325,000 after purchasing an additional 2,920,653 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AUR shares. TD Cowen boosted their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday, November 4th. Evercore ISI upped their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Canaccord Genuity Group reiterated a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a research report on Monday, September 30th. Finally, Wolfe Research began coverage on shares of Aurora Innovation in a report on Tuesday. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $4.63.

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.