Aurora Innovation (NASDAQ:AUR) Stock Price Down 2.4% - Here's What Happened

Key Points

• Aurora Innovation's stock price fell 2.4% to $6.41, with trading volume down 80% from its average, indicating decreased investor activity.
• Analysts have **mixed** views on Aurora's stock, with price targets ranging from $7.00 to $15.00; the company holds a consensus rating of "Moderate Buy" with an average target price of $10.75.
• Recent insider transactions include Director John J. Donahoe purchasing 162,337 shares at $6.10 per share, signifying strong confidence from company leadership in its future performance.

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) fell 2.4% during mid-day trading on Friday . The stock traded as low as $6.33 and last traded at $6.41. 3,909,363 shares were traded during mid-day trading, a decline of 80% from the average session volume of 19,270,123 shares. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AUR. Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group lifted their price target on shares of Aurora Innovation from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, Needham & Company LLC lifted their target price on shares of Aurora Innovation from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aurora Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Aurora Innovation Stock Performance

The business has a 50-day moving average of $5.76 and a 200-day moving average of $6.50. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of -13.97 and a beta of 2.49.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate 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. Equities analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John J. Donahoe acquired 162,337 shares of the stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the transaction, the director owned 162,337 shares in the company, valued at $990,255.70. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gloria R. Boyland sold 46,097 shares of the business'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 transaction, the director directly owned 330,425 shares of the company's stock, valued at approximately $1,956,116. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.85% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Aurora Innovation during the first quarter valued at $32,000. Signaturefd LLC boosted its position in Aurora Innovation by 208.0% during the 1st quarter. Signaturefd LLC now owns 5,283 shares of the company's stock worth $36,000 after acquiring an additional 3,568 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after buying an additional 3,527 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Aurora Innovation by 463.3% in the second quarter. Farther Finance Advisors LLC now owns 7,616 shares of the company's stock valued at $40,000 after buying an additional 6,264 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after buying an additional 2,085 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

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.

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