Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Down 15.0% in December

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 64,740,000 shares, a decline of 15.0% from the November 30th total of 76,130,000 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average daily volume of 10,970,000 shares, the days-to-cover ratio is presently 5.9 days.

Insider Buying and Selling at Aurora Innovation

In related news, Director Reid Hoffman sold 447,046 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares in the company, valued at $135,535.68. The trade was a 94.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock worth $48,432,337 over the last 90 days. 13.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors have recently bought and sold shares of the company. Profund Advisors LLC purchased a new stake in shares of Aurora Innovation in the 2nd quarter valued at approximately $46,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Aurora Innovation in the second quarter valued at about $51,000. Souders Financial Advisors acquired a new stake in Aurora Innovation in the third quarter valued at $59,000. Dynamic Technology Lab Private Ltd acquired a new position in Aurora Innovation during the third quarter worth about $60,000. Finally, Sigma Planning Corp purchased a new stake in Aurora Innovation in the 3rd quarter valued at approximately $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AUR. Cantor Fitzgerald began coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target for the company. Wolfe Research initiated coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group raised their price target 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. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Finally, 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 report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.70.

Aurora Innovation Trading Down 5.4 %

Shares of NASDAQ AUR traded down $0.40 during midday trading on Friday, reaching $6.94. The company had a trading volume of 6,270,917 shares, compared to its average volume of 9,186,753. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $8.44. The stock has a market cap of $11.93 billion, a P/E ratio of -14.16 and a beta of 2.86. The business’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $4.95.

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.