Principal Financial Group Inc. Sells 22,078 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

Principal Financial Group Inc. cut its position in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 22.2% during the 3rd quarter, Holdings Channel reports. The firm owned 77,192 shares of the company’s stock after selling 22,078 shares during the quarter. Principal Financial Group Inc.’s holdings in Aurora Innovation were worth $457,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Profund Advisors LLC bought a new position in shares of Aurora Innovation in the second quarter valued at approximately $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in Aurora Innovation in the second quarter worth $51,000. Souders Financial Advisors bought a new position in Aurora Innovation in the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aurora Innovation during the 3rd quarter valued at $60,000. Finally, Sigma Planning Corp bought a new stake in shares of Aurora Innovation during the 3rd quarter worth $63,000. 44.71% of the stock is owned by institutional investors.

Aurora Innovation Stock Performance

Aurora Innovation stock opened at $6.82 on Monday. Aurora Innovation, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $8.44. The firm’s fifty day moving average price is $6.45 and its 200-day moving average price is $5.09. The stock has a market cap of $11.72 billion, a P/E ratio of -13.92 and a beta of 2.86.

Insider Activity

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

Analyst Ratings Changes

AUR has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. Evercore ISI lifted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. Finally, Cantor Fitzgerald assumed coverage on Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.70.

Aurora Innovation 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.