Investors Buy High Volume of Aurora Innovation Call Options (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) saw unusually large options trading activity on Tuesday. Stock investors acquired 35,269 call options on the stock. This is an increase of 466% compared to the typical volume of 6,231 call options.

Aurora Innovation Trading Up 35.4 %

AUR traded up $2.30 during trading on Tuesday, reaching $8.80. 59,402,770 shares of the company’s stock were exchanged, compared to its average volume of 20,995,861. Aurora Innovation has a one year low of $2.10 and a one year high of $9.83. The firm has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $5.14. The stock has a market capitalization of $15.12 billion, a PE ratio of -17.96 and a beta of 2.85.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AUR shares. TD Cowen raised their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wolfe Research started coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. The Goldman Sachs Group upped 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. Finally, Evercore ISI raised their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.70.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 1,393,874 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the sale, the director now owns 672,425 shares in the company, valued at approximately $3,664,716.25. This represents a 67.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders sold 8,776,667 shares of company stock valued at $48,432,337 in the last ninety days. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds have recently bought and sold shares of the company. Souders Financial Advisors bought a new stake in shares of Aurora Innovation in the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aurora Innovation during the 3rd quarter worth about $60,000. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at about $63,000. Sigma Planning Corp bought a new stake in Aurora Innovation in the 3rd quarter valued at about $63,000. Finally, Franklin Resources Inc. acquired a new position in Aurora Innovation during the 3rd quarter worth approximately $72,000. Institutional investors own 44.71% of the company’s stock.

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.