Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells $4,703,815.53 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 856,797 shares of Aurora Innovation 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 completion of the transaction, the director now owns 268,099 shares of the company’s stock, valued at $1,471,863.51. This represents a 76.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total transaction 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 transaction of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $5.38 on Friday. The firm’s fifty day simple moving average is $5.53 and its 200-day simple moving average is $4.06. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of -10.82 and a beta of 2.82. Aurora Innovation, Inc. has a 12 month low of $2.04 and a 12 month high of $7.01.

Wall Street Analyst Weigh In

A number of analysts have weighed in 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. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI raised their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. increased its holdings in shares of Aurora Innovation by 17.2% in the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after acquiring an additional 12,466,085 shares during the period. Vanguard Group Inc. increased its stake in Aurora Innovation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after buying an additional 1,267,962 shares during the period. FMR LLC increased its stake in Aurora Innovation by 206.1% in 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 during the period. Dimensional Fund Advisors LP increased its stake in Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after buying an additional 2,502,002 shares during the period. Finally, Primecap Management Co. CA increased its stake in Aurora Innovation by 1.0% in the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after buying an additional 102,800 shares during the period. 44.71% of the stock is owned by institutional investors and hedge funds.

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.