Aurora Innovation (NASDAQ:AUR) Trading Up 4.7%

Aurora Innovation, Inc. (NASDAQ:AUR)’s stock price traded up 4.7% during mid-day trading on Monday . The stock traded as high as $4.55 and last traded at $4.43. 1,148,542 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 8,413,952 shares. The stock had previously closed at $4.23.

Aurora Innovation Stock Down 6.1 %

The company has a 50-day moving average price of $2.86 and a 200-day moving average price of $2.89. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of -7.53 and a beta of 2.75.

Aurora Innovation (NASDAQ:AUR) last released its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 45,600 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $3.16, for a total value of $144,096.00. Following the completion of the sale, the director now directly owns 389,694 shares of the company’s stock, valued at approximately $1,231,433.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after buying an additional 3,400 shares in the last quarter. Headlands Technologies LLC acquired a new position in Aurora Innovation in the fourth quarter worth about $41,000. Sequoia Financial Advisors LLC bought a new position in Aurora Innovation during the second quarter worth about $30,000. Blueshift Asset Management LLC acquired a new stake in Aurora Innovation during the fourth quarter valued at approximately $53,000. Finally, Industry Ventures L.L.C. acquired a new position in shares of Aurora Innovation in the 4th quarter worth approximately $69,000. 44.71% of the stock is currently owned by institutional investors.

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.