Aurora Innovation, Inc. (NASDAQ:AUR) Director Sells $4,703,815.53 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 856,797 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $5.49, for a total transaction of $4,703,815.53. Following the transaction, the director now owns 268,099 shares of the company’s stock, valued at $1,471,863.51. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total transaction 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 value of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Stock Down 1.1 %

Shares of AUR opened at $5.40 on Wednesday. Aurora Innovation, Inc. has a 52-week low of $1.73 and a 52-week high of $7.01. The stock has a fifty day simple moving average of $5.51 and a two-hundred day simple moving average of $4.05. The company has a market capitalization of $9.28 billion, a PE ratio of -11.02 and a beta of 2.82.

Institutional Investors Weigh In On Aurora Innovation

A number of hedge funds have recently modified their holdings of AUR. Baillie Gifford & Co. boosted its holdings in Aurora Innovation by 78.4% in the 2nd quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after purchasing an additional 31,841,994 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Aurora Innovation by 273.5% in the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after acquiring an additional 3,800,901 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Aurora Innovation by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock worth $36,941,000 after acquiring an additional 2,502,002 shares during the period. ARK Investment Management LLC acquired a new stake in Aurora Innovation during the third quarter worth $12,433,000. Finally, Charles Schwab Investment Management Inc. raised its position in Aurora Innovation by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock valued at $49,875,000 after purchasing an additional 1,776,513 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.