Aurora Innovation (NASDAQ:AUR) Trading Down 1.5% – Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR) traded down 1.5% on Thursday . The stock traded as low as $7.07 and last traded at $7.09. 3,332,590 shares were traded during mid-day trading, a decline of 78% from the average session volume of 15,181,268 shares. The stock had previously closed at $7.19.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective on the stock. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group increased 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, TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Stock Down 3.1 %

The stock has a market cap of $11.97 billion, a price-to-earnings ratio of -14.25 and a beta of 2.85. The business’s 50 day simple moving average is $6.95 and its 200 day simple moving average is $5.70.

Insider Buying and Selling at Aurora Innovation

In related news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now directly owns 344,647 shares of the company’s stock, valued at approximately $2,171,276.10. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00. Following the sale, the director now directly owns 125,000 shares in the company, valued at $700,000. This trade represents a 90.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,882,793 shares of company stock worth $21,305,724 over the last quarter. 13.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in AUR. GPS Wealth Strategies Group LLC boosted its holdings in shares of Aurora Innovation by 241.7% in the 4th 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 during the last quarter. Souders Financial Advisors purchased a new position in shares of Aurora Innovation in the 3rd quarter worth about $59,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Innovation in the 3rd quarter worth about $60,000. Sigma Planning Corp purchased a new position in shares of Aurora Innovation in the 3rd quarter worth about $63,000. Finally, Reynders McVeigh Capital Management LLC purchased a new position in shares of Aurora Innovation in the 3rd quarter worth about $63,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.