Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 829,713 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 829,713 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $5.54, for a total transaction of $4,596,610.02. Following the completion of the sale, the director now owns 310,939 shares in the company, valued at approximately $1,722,602.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Trading Up 2.2 %

Shares of AUR opened at $5.61 on Friday. The firm has a fifty day moving average price of $5.47 and a 200-day moving average price of $3.99. The firm has a market capitalization of $9.64 billion, a P/E ratio of -11.45 and a beta of 2.82. Aurora Innovation, Inc. has a 12-month low of $1.73 and a 12-month high of $7.01.

Analyst Ratings Changes

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

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently made changes to their positions in AUR. Amalgamated Bank lifted its holdings in Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock worth $189,000 after buying an additional 2,913 shares during the period. ASB Consultores LLC lifted its stake in shares of Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock worth $94,000 after purchasing an additional 3,088 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Aurora Innovation by 32.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after purchasing an additional 4,702 shares in the last quarter. Empowered Funds LLC grew its stake in Aurora Innovation by 44.1% in the first quarter. Empowered Funds LLC now owns 17,597 shares of the company’s stock valued at $50,000 after purchasing an additional 5,386 shares during the last quarter. Finally, KBC Group NV raised its holdings in Aurora Innovation by 41.1% in 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 in the last quarter. 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.