Aurora Innovation (NASDAQ:AUR) Shares Gap Down to $3.00

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.00, but opened at $2.91. Aurora Innovation shares last traded at $2.92, with a volume of 623,995 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AUR shares. TD Cowen cut their price objective on Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating on the stock in a research report on Friday, March 15th. Canaccord Genuity Group upped their price objective on Aurora Innovation from $5.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group lowered Aurora Innovation from a "neutral" rating to a "sell" rating and upped their price objective for the stock from $1.75 to $2.00 in a research report on Wednesday, January 3rd.

Aurora Innovation Price Performance

The stock has a market cap of $4.61 billion, a PE ratio of -4.92 and a beta of 2.91. The firm has a fifty day moving average of $2.73 and a 200 day moving average of $2.73.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 592,249 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $2.77, for a total value of $1,640,529.73. Following the completion of the transaction, the director now owns 648,563 shares in the company, valued at $1,796,519.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aurora Innovation

Several large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Aurora Innovation during the third quarter worth about $27,000. Willis Johnson & Associates Inc. acquired a new stake in shares of Aurora Innovation during the third quarter worth about $29,000. Teacher Retirement System of Texas acquired a new stake in shares of Aurora Innovation during the fourth quarter worth about $29,000. ExodusPoint Capital Management LP acquired a new stake in shares of Aurora Innovation during the second quarter worth about $30,000. Finally, Parallel Advisors LLC boosted its stake 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 worth $31,000 after buying an additional 3,400 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

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.