Aurora Innovation (NASDAQ:AUR) Trading Down 7.2%

Aurora Innovation, Inc. (NASDAQ:AUR) fell 7.2% during mid-day trading on Friday . The stock traded as low as $3.29 and last traded at $3.35. 2,672,492 shares changed hands during trading, a decline of 62% from the average session volume of 6,967,001 shares. The stock had previously closed at $3.61.

Wall Street Analyst Weigh In

AUR has been the subject of several research reports. TD Cowen lowered their price objective on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th. Canaccord Genuity Group raised their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Aurora Innovation Stock Down 10.8 %

The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -5.28 and a beta of 2.85. The business’s fifty day moving average is $2.77 and its two-hundred day moving average is $2.84.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $2.52, for a total value of $2,520,000.00. Following the transaction, the director now directly owns 463,563 shares of the company’s stock, valued at $1,168,178.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 13.83% of the company’s stock.

Hedge Funds Weigh In On Aurora Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position 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 worth $31,000 after purchasing an additional 3,400 shares in the last quarter. Empowered Funds LLC lifted its position in 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 acquiring an additional 5,386 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Aurora Innovation by 51.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock valued at $75,000 after acquiring an additional 5,859 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Aurora Innovation by 22.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,089 shares of the company’s stock valued at $85,000 after acquiring an additional 6,675 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Aurora Innovation by 14.5% in the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock valued at $181,000 after acquiring an additional 8,142 shares in the last quarter. 44.71% of the stock is owned by institutional investors.

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.