Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 829,713 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 829,713 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02. Following the transaction, the director now directly owns 310,939 shares of the company’s stock, valued at approximately $1,722,602.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The stock was 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 shares were sold at an average price of $5.45, for a total transaction of $7,596,613.30.

Aurora Innovation Trading Up 2.2 %

Shares of AUR opened at $5.61 on Friday. The company has a market capitalization of $9.64 billion, a PE ratio of -11.45 and a beta of 2.82. The stock’s 50-day moving average price is $5.47 and its two-hundred day moving average price is $4.00. Aurora Innovation, Inc. has a 12 month low of $1.73 and a 12 month high of $7.01.

Hedge Funds Weigh In On Aurora Innovation

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AUR. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research report on Monday, September 30th. Evercore ISI boosted their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group raised their price objective on shares of 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.