Aurora Innovation (NASDAQ:AUR) Stock Price Down 1.5% – Time to Sell?

Aurora Innovation, Inc. (NASDAQ:AUR) shares traded down 1.5% during mid-day trading on Thursday . The company traded as low as $7.07 and last traded at $7.09. 3,332,590 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 15,181,268 shares. The stock had previously closed at $7.19.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AUR shares. Cantor Fitzgerald assumed coverage on Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price target for the company. Evercore ISI raised their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research began coverage on shares of Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating for the company. Finally, TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $6.30.

Aurora Innovation Stock Performance

The business has a fifty day moving average price of $6.96 and a 200 day moving average price of $5.71. The company has a market cap of $12.37 billion, a price-to-earnings ratio of -14.69 and a beta of 2.85.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 537,837 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the completion of the transaction, the director now directly owns 286,247 shares in the company, valued at approximately $1,568,633.56. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,053,080 shares of company stock valued at $16,709,114. 13.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several hedge funds have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC increased its position in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after acquiring an additional 4,955 shares during the period. Souders Financial Advisors acquired a new stake in Aurora Innovation in the third quarter valued at $59,000. Grimes & Company Inc. bought a new position in Aurora Innovation during the 4th quarter worth $63,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aurora Innovation in the 3rd quarter valued at about $60,000. Finally, Yousif Capital Management LLC bought a new position in shares of Aurora Innovation during the fourth quarter worth about $65,000. 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.