Drive Wealth Management LLC Invests $94,000 in Aurora Innovation, Inc. (NASDAQ:AUR)

Drive Wealth Management LLC acquired a new position in Aurora Innovation, Inc. (NASDAQ:AUR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 15,961 shares of the company’s stock, valued at approximately $94,000.

A number of other large investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Aurora Innovation during the second quarter valued at approximately $30,000. Profund Advisors LLC purchased a new stake in shares of Aurora Innovation in the 2nd quarter worth about $46,000. Empowered Funds LLC lifted its position in Aurora Innovation by 44.1% during the 1st quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after acquiring an additional 5,386 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Aurora Innovation during the second quarter worth about $51,000. Finally, Diversified Portfolios Inc. purchased a new stake in Aurora Innovation in the second quarter worth about $54,000. 44.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. TD Cowen increased their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on 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 lifted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th.

Aurora Innovation Trading Up 23.2 %

Aurora Innovation stock opened at $6.15 on Tuesday. The stock has a fifty day moving average of $5.58 and a 200 day moving average of $4.10. Aurora Innovation, Inc. has a one year low of $2.06 and a one year high of $7.01.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 3,500,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total value of $19,530,000.00. Following the completion of the sale, the director now directly owns 382,425 shares in the company, valued at $2,133,931.50. This represents a 90.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 8,746,667 shares of company stock worth $48,243,337 in the last quarter. Company insiders own 13.83% of the company’s stock.

About Aurora Innovation

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.