Insider Selling: Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells 592,249 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) Director Reid Hoffman sold 592,249 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $2.77, for a total transaction of $1,640,529.73. Following the transaction, the director now directly owns 648,563 shares of the company’s stock, valued at approximately $1,796,519.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR traded down $0.13 during trading on Wednesday, reaching $2.61. The stock had a trading volume of 9,717,926 shares, compared to its average volume of 5,961,285. The stock has a market capitalization of $4.01 billion, a PE ratio of -4.33 and a beta of 3.06. Aurora Innovation, Inc. has a 52 week low of $1.14 and a 52 week high of $4.81. The business’s 50-day moving average price is $3.37 and its 200 day moving average price is $2.85.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Aurora Innovation from a “neutral” rating to a “sell” rating and raised their target price for the stock from $1.75 to $2.00 in a research report on Wednesday, January 3rd.

Get Our Latest Stock Report on AUR

Hedge Funds Weigh In On Aurora Innovation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC bought a new position in shares of Aurora Innovation in the third quarter valued at about $27,000. Willis Johnson & Associates Inc. acquired a new stake in Aurora Innovation in the 3rd quarter valued at about $29,000. Teacher Retirement System of Texas bought a new position in shares of Aurora Innovation in the fourth quarter worth about $29,000. ExodusPoint Capital Management LP acquired a new position in shares of Aurora Innovation during the second quarter worth approximately $30,000. Finally, Parallel Advisors LLC grew its stake in shares of Aurora Innovation by 91.9% during the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 42.34% of the company’s stock.

Aurora Innovation Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Aurora Innovation (NASDAQ:AUR)

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