Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 447,046 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were 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 $135,535.68. This represents a 94.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Reid Hoffman also recently made the following trade(s):

• On Wednesday, November 13th, Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock. The shares were sold at an average price of $5.60, for a total value of $6,615,840.00.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The stock was sold at an average price of $5.49, for a total value of $4,703,815.53.
• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The shares were sold at an average price of $5.54, for a total value of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30.

Aurora Innovation Stock Performance

Shares of Aurora Innovation stock opened at $4.99 on Friday. Aurora Innovation, Inc. has a fifty-two week low of $2.04 and a fifty-two week high of $7.01. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $4.09.

Hedge Funds Weigh In On Aurora Innovation

Hedge funds have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Aurora Innovation by 10.0% in the 3rd quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after acquiring an additional 2,913 shares during the last quarter. ASB Consultores LLC lifted its stake in Aurora Innovation by 24.0% during the third quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Aurora Innovation by 14.6% during the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after buying an additional 4,054 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Aurora Innovation by 32.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after buying an additional 4,702 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Aurora Innovation by 44.1% in the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after buying an additional 5,386 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AUR. TD Cowen increased their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Aurora Innovation in a research note on Monday, September 30th. Evercore ISI boosted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th.

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.