Reid Hoffman Sells 447,046 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the completion of the sale, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, November 13th, Reid Hoffman sold 1,181,400 shares of Aurora Innovation stock. The shares were sold at an average price of $5.60, for a total transaction of $6,615,840.00.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The stock was sold at an average price of $5.49, for a total transaction of $4,703,815.53.
• 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 shares were 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 Price Performance

Shares of NASDAQ AUR opened at $4.99 on Friday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82. The firm’s 50 day simple moving average is $5.58 and its 200-day simple moving average is $4.09. Aurora Innovation, Inc. has a 12 month low of $2.04 and a 12 month high of $7.01.

Analyst Ratings Changes

AUR has been the subject of a number of research reports. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. TD Cowen upped their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 target price on shares of Aurora Innovation in a report on Monday, September 30th. Finally, The Goldman Sachs Group upped their price target 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.

Institutional Trading of Aurora Innovation

A number of hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock worth $50,000 after acquiring an additional 5,386 shares during the period. Swiss National Bank raised its holdings in Aurora Innovation by 15.2% in the 1st quarter. Swiss National Bank now owns 1,355,500 shares of the company’s stock worth $3,823,000 after purchasing an additional 178,900 shares during the period. ProShare Advisors LLC boosted its position in Aurora Innovation by 14.5% during the first quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock worth $181,000 after purchasing an additional 8,142 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock valued at $239,092,000 after buying an additional 1,267,962 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Aurora Innovation by 4.6% in the first quarter. American International Group Inc. now owns 176,045 shares of the company’s stock valued at $496,000 after buying an additional 7,773 shares in the last quarter. 44.71% of the stock is owned by hedge funds and other 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.