Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) traded up 4.9% on Friday . The stock traded as high as $6.14 and last traded at $6.14. 4,580,033 shares were traded during mid-day trading, a decline of 77% from the average session volume of 19,511,270 shares. The stock had previously closed at $5.85.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Needham & Company LLC upped their target price on Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group upped their target price on Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price objective on Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.75.
Get Our Latest Stock Analysis on AUR
Aurora Innovation Stock Down 2.2%
The business has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $6.45.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $0.50 million. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.49 EPS for the current fiscal year.
Insider Transactions at Aurora Innovation
In related news, Director John J. Donahoe bought 162,337 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the acquisition, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gloria R. Boyland sold 46,097 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $5.92, for a total value of $272,894.24. Following the sale, the director directly owned 330,425 shares in the company, valued at approximately $1,956,116. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.85% of the stock is currently owned by corporate insiders.
Institutional Trading of Aurora Innovation
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Uber Technologies Inc acquired a new stake in Aurora Innovation during the fourth quarter worth about $2,053,632,000. Vanguard Group Inc. grew its holdings in Aurora Innovation by 2.1% during the first quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company's stock worth $776,155,000 after acquiring an additional 2,392,995 shares during the period. Toyota Motor Corp acquired a new stake in Aurora Innovation during the fourth quarter worth about $298,294,000. Durable Capital Partners LP grew its holdings in Aurora Innovation by 36.7% during the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company's stock worth $106,918,000 after acquiring an additional 5,481,969 shares during the period. Finally, Lightspeed Management Company L.L.C. acquired a new stake in Aurora Innovation during the fourth quarter worth about $74,003,000. 44.71% of the stock is owned by institutional investors and hedge funds.
Aurora Innovation Company Profile
(
Get Free Report)
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.
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