Aurora Innovation (NASDAQ:AUR) Trading Down 7% – Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price was down 7% during trading on Wednesday . The stock traded as low as $6.83 and last traded at $6.76. Approximately 3,341,713 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 18,775,697 shares. The stock had previously closed at $7.26.

Analyst Ratings Changes

AUR has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. TD Cowen lifted their price target 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 upped their price objective on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group increased their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Price Performance

The firm’s 50 day simple moving average is $6.79 and its two-hundred day simple moving average is $5.49. The firm has a market capitalization of $11.82 billion, a P/E ratio of -14.04 and a beta of 2.85.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction 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 of the company’s stock, valued at $2,133,931.50. The trade was a 90.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,776,667 shares of company stock worth $48,432,337. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several large investors have recently added to or reduced their stakes in AUR. GPS Wealth Strategies Group LLC raised its stake in Aurora Innovation by 241.7% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares in the last quarter. Profund Advisors LLC bought a new position in shares of Aurora Innovation in the 2nd quarter worth approximately $46,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Aurora Innovation in the 2nd quarter valued at approximately $51,000. Souders Financial Advisors bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $59,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Aurora Innovation in the third quarter worth $60,000. 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.