Aurora Innovation Sees Unusually High Options Volume (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 35,269 call options on the company. This is an increase of approximately 466% compared to the average daily volume of 6,231 call options.

Wall Street Analyst Weigh In

Several brokerages recently commented on AUR. Wolfe Research started coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Canaccord Genuity Group upped their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI upped their price target 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. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price on the stock. Finally, The Goldman Sachs Group increased their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. 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 presently has a consensus rating of “Hold” and a consensus target price of $6.30.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 382,425 shares in the company, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

Hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in Aurora Innovation by 17.2% in the third quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after purchasing an additional 12,466,085 shares during the period. Geode Capital Management LLC lifted its position in shares of Aurora Innovation by 15.5% during the 3rd quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after purchasing an additional 3,064,342 shares during the last quarter. State Street Corp increased its holdings in Aurora Innovation by 15.2% in the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after buying an additional 2,920,653 shares during the last quarter. FMR LLC raised its stake in Aurora Innovation by 206.1% in the third quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after buying an additional 9,325,013 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $8.06 on Thursday. The business’s 50 day moving average price is $6.48 and its 200 day moving average price is $5.18. The company has a market cap of $13.85 billion, a price-to-earnings ratio of -16.45 and a beta of 2.85. Aurora Innovation has a one year low of $2.10 and a one year high of $9.83.

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.