Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 537,837 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 537,837 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the sale, the director now owns 286,247 shares of the company’s stock, valued at $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $5.04, for a total value of $2,253,111.84.
• On Wednesday, November 13th, Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00.
• 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 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 value of $7,596,613.30.

Aurora Innovation Stock Up 23.2 %

Shares of Aurora Innovation stock opened at $6.15 on Tuesday. Aurora Innovation, Inc. has a 52-week low of $2.06 and a 52-week high of $7.01. The company has a 50 day moving average of $5.58 and a 200 day moving average of $4.10. The company has a market capitalization of $10.57 billion, a P/E ratio of -12.55 and a beta of 2.82.

Wall Street Analyst Weigh In

AUR has been the subject of several research analyst reports. Evercore ISI increased 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 note on Monday, October 14th. Canaccord Genuity Group restated a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th.

Institutional Trading of Aurora Innovation

A number of hedge funds and other institutional investors have recently bought and sold shares of AUR. Empowered Funds LLC raised its stake in Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after acquiring an additional 5,386 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Aurora Innovation by 15.2% in the 1st quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock valued at $3,823,000 after purchasing an additional 178,900 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Aurora Innovation by 14.5% in the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock valued at $181,000 after purchasing an additional 8,142 shares during the period. Vanguard Group Inc. increased its position in Aurora Innovation by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after buying an additional 1,267,962 shares during the period. Finally, American International Group Inc. lifted its stake in Aurora Innovation by 4.6% in the first quarter. American International Group Inc. now owns 176,045 shares of the company’s stock valued at $496,000 after buying an additional 7,773 shares during the last quarter. 44.71% of the stock is currently 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.