Aurora Innovation (NASDAQ:AUR) Trading 8.2% Higher

Aurora Innovation, Inc. (NASDAQ:AUR) shot up 8.2% on Friday . The stock traded as high as $3.18 and last traded at $3.17. 3,802,230 shares were traded during trading, a decline of 44% from the average session volume of 6,778,675 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AUR shares. Canaccord Genuity Group increased their price target on Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. TD Cowen decreased their price objective on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a report on Friday, March 15th.

Aurora Innovation Trading Up 12.3 %

The business’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.80.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Insider Activity at Aurora Innovation

In related news, Director Reid Hoffman sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the sale, the director now owns 463,563 shares in the company, valued at approximately $1,168,178.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 5.9% in the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock valued at $364,967,000 after purchasing an additional 4,625,559 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Aurora Innovation by 20.7% during the 1st quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company’s stock worth $114,482,000 after acquiring an additional 6,962,404 shares in the last quarter. FMR LLC raised its holdings in shares of Aurora Innovation by 823.6% in the third quarter. FMR LLC now owns 21,315,044 shares of the company’s stock valued at $50,090,000 after purchasing an additional 19,007,248 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Aurora Innovation by 48.6% in the third quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company’s stock worth $42,443,000 after purchasing an additional 5,903,484 shares in the last quarter. Finally, Greylock 15 GP LLC acquired a new position in Aurora Innovation during the fourth quarter worth $61,604,000. Institutional investors own 44.71% of the company’s stock.

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.