Aurora Innovation (NASDAQ:AUR) Hits New 1-Year High – Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR) shares reached a new 52-week high during trading on Monday . The stock traded as high as $8.10 and last traded at $8.03, with a volume of 7858386 shares trading hands. The stock had previously closed at $6.97.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AUR shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. TD Cowen lifted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Cantor Fitzgerald assumed coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price objective on the stock. Finally, Evercore ISI upped their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Aurora Innovation currently has an average rating of “Hold” and a consensus price target of $5.70.

Aurora Innovation Trading Up 14.6 %

The company has a market capitalization of $13.73 billion, a PE ratio of -16.31 and a beta of 2.86. The business’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $4.62.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total transaction of $189,000.00. Following the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock in a transaction that occurred 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 transaction, the director now owns 382,425 shares of the company’s stock, valued at approximately $2,133,931.50. The trade was a 90.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,776,667 shares of company stock worth $48,432,337 in the last 90 days. 13.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Amalgamated Bank lifted its stake in Aurora Innovation by 10.0% in the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after buying an additional 2,913 shares during the last quarter. ASB Consultores LLC lifted its holdings in Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after acquiring an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Aurora Innovation by 14.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock worth $188,000 after purchasing an additional 4,054 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock worth $54,000 after purchasing an additional 4,702 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after purchasing an additional 7,595 shares during the period. 44.71% of the stock is currently 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.