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 company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the transaction, the director now directly owns 26,892 shares in the company, valued at $135,535.68. The trade was a 94.33 % decrease in their position. The sale was disclosed in a document filed 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 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 transaction 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 transaction of $7,596,613.30.

Aurora Innovation Stock Down 7.2 %

AUR stock opened at $4.99 on Friday. The stock’s 50 day moving average is $5.58 and its two-hundred day moving average is $4.08. The company has a market capitalization of $8.57 billion, a PE ratio of -10.18 and a beta of 2.82. Aurora Innovation, Inc. has a 52-week low of $2.04 and a 52-week high of $7.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Souders Financial Advisors acquired a new stake in Aurora Innovation during the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd bought a new stake in Aurora Innovation during the third quarter valued at $60,000. Reynders McVeigh Capital Management LLC acquired a new position in Aurora Innovation in the third quarter valued at approximately $63,000. Sigma Planning Corp acquired a new stake in Aurora Innovation in the third quarter worth $63,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Aurora Innovation in the 2nd quarter valued at about $30,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.