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

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of unusually large options trading activity on Tuesday. Investors purchased 18,978 call options on the stock. This represents an increase of approximately 122% compared to the typical daily volume of 8,557 call options.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 447,046 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the transaction, the director now directly owns 26,892 shares in the company, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,196,283 shares of company stock worth $12,005,299. Insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $652,000. Cornerstone Wealth Management LLC bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $263,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $1,184,000. Vanguard Capital Wealth Advisors bought a new stake in shares of Aurora Innovation during the third quarter valued at approximately $266,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Aurora Innovation by 22.2% during the third quarter. Harbor Capital Advisors Inc. now owns 160,259 shares of the company’s stock valued at $949,000 after acquiring an additional 29,106 shares in the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AUR. Cantor Fitzgerald began coverage on Aurora Innovation in a research note on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price for the company. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Wolfe Research assumed coverage on shares of Aurora Innovation in a research note on Tuesday, November 26th. They set a “peer perform” rating for the company. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Aurora Innovation currently has an average rating of “Hold” and an average target price of $6.30.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock traded down $0.33 during midday trading on Tuesday, reaching $7.48. The company had a trading volume of 5,069,418 shares, compared to its average volume of 14,749,174. The stock has a fifty day moving average price of $6.98 and a 200 day moving average price of $5.75. The firm has a market cap of $12.85 billion, a PE ratio of -15.28 and a beta of 2.85. Aurora Innovation has a fifty-two week low of $2.10 and a fifty-two week 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.