Aurora Innovation (NASDAQ:AUR) Shares Gap Down to $4.00

Aurora Innovation, Inc. (NASDAQ:AUR) gapped down before the market opened on Thursday . The stock had previously closed at $4.00, but opened at $3.77. Aurora Innovation shares last traded at $4.25, with a volume of 8,648,349 shares.

Aurora Innovation Stock Up 10.8 %

The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -7.98 and a beta of 2.75. The company has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.93.

Aurora Innovation (NASDAQ:AUR) last issued its earnings results on Wednesday, May 8th. The company reported ($0.11) EPS for the quarter.

Insider Transactions at Aurora Innovation

In related news, Director Reid Hoffman sold 45,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $3.16, for a total value of $144,096.00. Following the sale, the director now directly owns 389,694 shares in the company, valued at $1,231,433.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in AUR. Parallel Advisors LLC raised its holdings in shares of Aurora Innovation by 91.9% during the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after purchasing an additional 3,400 shares during the period. Nisa Investment Advisors LLC lifted its stake in Aurora Innovation by 32.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,412 shares of the company’s stock valued at $54,000 after acquiring an additional 4,702 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Aurora Innovation by 44.1% during 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 in the last quarter. American International Group Inc. increased its stake in Aurora Innovation by 4.6% in the 1st 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 during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Aurora Innovation by 14.5% during the 1st quarter. ProShare Advisors LLC now owns 64,179 shares of the company’s stock worth $181,000 after buying an additional 8,142 shares in the last quarter. 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.