Aurora Innovation (NASDAQ:AUR) Trading Down 1.1% – Should You Sell?

Aurora Innovation, Inc. (NASDAQ:AUR) was down 1.1% on Thursday . The stock traded as low as $6.75 and last traded at $6.89. Approximately 3,592,808 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 18,247,104 shares. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AUR. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price for the company. Canaccord Genuity Group raised their target price on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. TD Cowen upped 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. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, Evercore ISI increased their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of “Hold” and an average target price of $6.30.

Aurora Innovation Trading Down 1.4 %

The firm’s 50 day simple moving average is $6.79 and its 200-day simple moving average is $5.49. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of -14.03 and a beta of 2.85.

Insider Activity at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total value of $7,596,613.30. Following the transaction, the director now owns 672,425 shares in the company, valued at $3,664,716.25. The trade was a 67.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. Insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Aurora Innovation by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after acquiring an additional 2,502,002 shares during the period. Amalgamated Bank lifted its stake in Aurora Innovation by 151.9% during the second quarter. Amalgamated Bank now owns 29,093 shares of the company’s stock worth $81,000 after purchasing an additional 17,543 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Aurora Innovation in the 2nd quarter valued at $51,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Aurora Innovation during the 2nd quarter worth $214,000. Finally, Profund Advisors LLC bought a new stake in shares of Aurora Innovation during the 2nd quarter worth $46,000. 44.71% of the stock is owned by 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.