Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 338,000 Shares

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Reid Hoffman sold 338,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $3.19, for a total value of $1,078,220.00. Following the completion of the transaction, the director now owns 442,663 shares in the company, valued at approximately $1,412,094.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Reid Hoffman also recently made the following trade(s):

• On Thursday, February 29th, Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00.
• On Tuesday, February 27th, Reid Hoffman sold 592,249 shares of Aurora Innovation stock. The shares were sold at an average price of $2.77, for a total transaction of $1,640,529.73.

Aurora Innovation Trading Up 4.0 %

AUR traded up $0.12 during trading on Tuesday, hitting $3.14. The stock had a trading volume of 8,542,036 shares, compared to its average volume of 7,059,380. The firm has a market cap of $4.82 billion, a PE ratio of -5.71 and a beta of 2.85. Aurora Innovation, Inc. has a 12 month low of $1.30 and a 12 month high of $4.81. The company has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $2.88.

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

Institutional Trading of Aurora Innovation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its position in shares of Aurora Innovation by 53.7% in the third quarter. Swiss National Bank now owns 1,289,900 shares of the company's stock valued at $3,031,000 after acquiring an additional 450,400 shares during the period. Vanguard Group Inc. grew its position in Aurora Innovation by 73.2% in the 3rd quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company's stock worth $185,394,000 after purchasing an additional 33,348,395 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Aurora Innovation during the 3rd quarter worth about $1,812,000. WBH Advisory Inc. acquired a new position in shares of Aurora Innovation during the fourth quarter valued at about $125,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Aurora Innovation by 30.6% in the third quarter. Bank of New York Mellon Corp now owns 1,494,533 shares of the company's stock valued at $3,512,000 after buying an additional 350,267 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on AUR shares. Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. TD Cowen lowered their price objective on Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating on the stock in a report on Friday, March 15th.

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.

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