Aurora Innovation (NASDAQ:AUR) Trading 4.1% Higher – Here’s What Happened

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price rose 4.1% during mid-day trading on Friday . The company traded as high as $7.23 and last traded at $7.24. Approximately 1,880,603 shares were traded during trading, a decline of 89% from the average daily volume of 17,791,326 shares. The stock had previously closed at $6.96.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective on the stock. TD Cowen upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Wolfe Research assumed coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Evercore ISI increased their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.30.

Aurora Innovation Stock Performance

The business’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $5.55.

Insider Buying and Selling

In other news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,776,667 shares of company stock valued at $48,432,337 over the last quarter. Corporate insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC lifted its holdings in shares of Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after purchasing an additional 4,955 shares during the last quarter. Profund Advisors LLC purchased a new stake in Aurora Innovation during the second quarter valued at about $46,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Aurora Innovation in the second quarter worth about $51,000. Souders Financial Advisors purchased a new position in shares of Aurora Innovation in the third quarter worth approximately $59,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation in the third quarter worth approximately $60,000. Institutional investors own 44.71% of the company’s stock.

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.