Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman Sells 45,600 Shares

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Reid Hoffman sold 45,600 shares of the business's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $3.16, for a total value of $144,096.00. Following the sale, the director now owns 389,694 shares in the company, valued at approximately $1,231,433.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, May 13th, Reid Hoffman sold 338,000 shares of Aurora Innovation stock. The stock was sold at an average price of $3.19, for a total value of $1,078,220.00.
• 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 value of $2,520,000.00.
• On Tuesday, February 27th, Reid Hoffman sold 592,249 shares of Aurora Innovation stock. The stock was sold at an average price of $2.77, for a total value of $1,640,529.73.

Aurora Innovation Trading Down 5.1 %

Shares of AUR stock traded down $0.15 during trading on Thursday, hitting $2.77. The company's stock had a trading volume of 9,617,566 shares, compared to its average volume of 7,068,711. The company has a market cap of $4.25 billion, a PE ratio of -5.31 and a beta of 2.85. The business has a fifty day moving average of $2.82 and a 200-day moving average of $2.89. Aurora Innovation, Inc. has a 52 week low of $1.30 and a 52 week high of $4.81.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group boosted 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. TD Cowen cut their target price 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.

Institutional Trading of Aurora Innovation

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company's stock valued at $239,092,000 after acquiring an additional 1,267,962 shares during the period. Baillie Gifford & Co. increased its stake in Aurora Innovation by 20.7% during the first quarter. Baillie Gifford & Co. now owns 40,596,568 shares of the company's stock worth $114,482,000 after acquiring an additional 6,962,404 shares during the last quarter. FMR LLC raised its position in Aurora Innovation by 823.6% during the third quarter. FMR LLC now owns 21,315,044 shares of the company's stock valued at $50,090,000 after purchasing an additional 19,007,248 shares during the period. Wellington Management Group LLP lifted its stake in shares of Aurora Innovation by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company's stock valued at $42,443,000 after purchasing an additional 5,903,484 shares during the last quarter. Finally, Greylock 15 GP LLC purchased a new position in shares of Aurora Innovation in the 4th quarter worth approximately $61,604,000. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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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