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

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 26,892 shares of the company’s stock, valued at approximately $135,535.68. This represents a 94.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $6,615,840.00.
• On Monday, November 11th, Reid Hoffman sold 856,797 shares of Aurora Innovation stock. The shares were sold at an average price of $5.49, for a total value of $4,703,815.53.
• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The shares were sold at an average price of $5.54, for a total value 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 stock was sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Stock Down 7.2 %

Shares of Aurora Innovation stock traded down $0.39 during trading on Friday, hitting $4.99. 10,380,333 shares of the company were exchanged, compared to its average volume of 8,830,546. Aurora Innovation, Inc. has a fifty-two week low of $2.04 and a fifty-two week high of $7.01. 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 has a 50 day moving average price of $5.53 and a 200 day moving average price of $4.06.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Aurora Innovation in a report on Monday, September 30th. The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. Evercore ISI lifted their price objective on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Souders Financial Advisors purchased a new stake in shares of Aurora Innovation during the 3rd quarter valued at $59,000. Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the 3rd quarter valued at about $60,000. Reynders McVeigh Capital Management LLC purchased a new position in Aurora Innovation in the 3rd quarter valued at about $63,000. Sigma Planning Corp acquired a new stake in shares of Aurora Innovation in the 3rd quarter valued at about $63,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Aurora Innovation in the 2nd quarter valued at about $30,000. 44.71% of the stock is currently owned by institutional investors and hedge funds.

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.