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 dated Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total value of $6,615,840.00. Following the completion of the transaction, the director now directly owns 125,000 shares in the company, valued at $700,000. This represents a 90.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $5.04, for a total transaction 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 transaction of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The shares were 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 stock was sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Trading Down 7.2 %

Aurora Innovation stock opened at $4.99 on Monday. The stock has a 50 day moving average of $5.58 and a 200-day moving average of $4.09. The stock 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.

Analyst Upgrades and Downgrades

AUR has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Evercore ISI boosted their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. TD Cowen raised their price target 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AUR. Sterling Investment Advisors Ltd. bought a new position in shares of Aurora Innovation during the third quarter worth about $1,184,000. Vanguard Group Inc. raised its stake in Aurora Innovation by 1.5% during the first 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 in the last quarter. Creative Planning bought a new position in Aurora Innovation during the 3rd quarter worth approximately $652,000. The Manufacturers Life Insurance Company grew its position in shares of Aurora Innovation by 67.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 500,535 shares of the company’s stock worth $1,386,000 after acquiring an additional 202,413 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after acquiring an additional 5,386 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

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.