Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 856,797 Shares

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 856,797 shares of Aurora Innovation stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.49, for a total value of $4,703,815.53. Following the sale, the director now directly owns 268,099 shares of the company’s stock, valued at approximately $1,471,863.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 shares were sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $5.29 on Thursday. Aurora Innovation, Inc. has a 1 year low of $1.90 and a 1 year high of $7.01. The company has a market cap of $9.09 billion, a PE ratio of -10.80 and a beta of 2.82. The stock’s 50-day moving average is $5.53 and its 200 day moving average is $4.06.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of 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 during the period. Swiss National Bank grew its holdings in shares of Aurora Innovation by 15.2% during the 1st quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock worth $3,823,000 after acquiring an additional 178,900 shares during the period. ProShare Advisors LLC grew its holdings in shares of Aurora Innovation by 14.5% during the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock worth $181,000 after acquiring an additional 8,142 shares during the period. Vanguard Group Inc. grew its holdings in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after acquiring an additional 1,267,962 shares during the period. Finally, American International Group Inc. grew its holdings in shares of Aurora Innovation by 4.6% during the 1st quarter. American International Group Inc. now owns 176,045 shares of the company’s stock worth $496,000 after acquiring an additional 7,773 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AUR shares. Evercore ISI boosted their target price on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. TD Cowen boosted their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th.

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.