Aurora Innovation (NASDAQ:AUR) Stock Price Up 4.1% – Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR)’s share price was up 4.1% during mid-day trading on Friday . The stock 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 research analysts recently issued reports on AUR shares. Evercore ISI lifted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Canaccord Genuity Group lifted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. TD Cowen boosted their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald assumed coverage on Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Trading Up 1.3 %

The company’s 50 day moving average price is $6.79 and its 200-day moving average price is $5.49. The company has a market capitalization of $12.11 billion, a PE ratio of -14.48 and a beta of 2.85.

Insider Activity

In related news, Director Reid Hoffman sold 3,500,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the completion of the sale, the director now directly owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. This represents a 90.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 in the last ninety days. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares during the last quarter. ASB Consultores LLC boosted its position in Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after buying an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Aurora Innovation by 14.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after buying an additional 4,054 shares during the last quarter. KBC Group NV raised its stake in shares of Aurora Innovation by 41.1% in the 3rd quarter. KBC Group NV now owns 26,092 shares of the company’s stock valued at $154,000 after purchasing an additional 7,595 shares in the last quarter. Finally, Souders Financial Advisors acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at about $59,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

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.