Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $2.82, but opened at $2.90. Aurora Innovation shares last traded at $2.89, with a volume of 4,980,748 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently commented on AUR. The Goldman Sachs Group cut Aurora Innovation from a "neutral" rating to a "sell" rating and boosted their price target for the stock from $1.75 to $2.00 in a research report on Wednesday, January 3rd. Canaccord Genuity Group boosted their price target 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, TD Cowen dropped their price target 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.
Check Out Our Latest Stock Analysis on Aurora Innovation
Aurora Innovation Trading Up 3.2 %
The company has a market capitalization of $4.47 billion, a PE ratio of -4.77 and a beta of 2.91. The business's fifty day moving average is $2.75 and its two-hundred day moving average is $2.71.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.
Insider Buying and Selling at Aurora Innovation
In other news, Director Reid Hoffman sold 1,000,000 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now directly owns 463,563 shares in the company, valued at approximately $1,168,178.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.70% of the company's stock.
Institutional Trading of Aurora Innovation
Several hedge funds have recently made changes to their positions in AUR. Commonwealth Equity Services LLC purchased a new stake in Aurora Innovation in the 3rd quarter worth about $27,000. Willis Johnson & Associates Inc. purchased a new stake in Aurora Innovation in the 3rd quarter worth about $29,000. Teacher Retirement System of Texas purchased a new stake in Aurora Innovation in the 4th quarter worth about $29,000. ExodusPoint Capital Management LP purchased a new stake in Aurora Innovation in the 2nd quarter worth about $30,000. Finally, Parallel Advisors LLC raised its position in Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company's stock worth $31,000 after purchasing an additional 3,400 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
Before you consider Aurora Innovation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Innovation wasn't on the list.
While Aurora Innovation currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
