Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells $7,596,613.30 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,393,874 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aurora Innovation Stock Down 3.9 %

Shares of AUR opened at $5.49 on Friday. Aurora Innovation, Inc. has a 52-week low of $1.73 and a 52-week high of $7.01. The stock has a market cap of $8.61 billion, a PE ratio of -11.20 and a beta of 2.82. The firm’s fifty day moving average is $5.45 and its two-hundred day moving average is $3.97.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AUR shares. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Evercore ISI increased their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research note on Monday.

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new stake in Aurora Innovation in the 2nd quarter valued at about $30,000. Profund Advisors LLC acquired a new stake in shares of Aurora Innovation in the second quarter valued at approximately $46,000. Empowered Funds LLC raised its holdings in shares of Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after acquiring an additional 5,386 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in Aurora Innovation during the second quarter worth about $51,000. Finally, Diversified Portfolios Inc. acquired a new stake in shares of Aurora Innovation during the 2nd quarter worth approximately $54,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.