Aurora Innovation (NASDAQ:AUR) Shares Up 5.3%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shot up 5.3% during mid-day trading on Monday . The company traded as high as $3.16 and last traded at $3.16. 3,820,499 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 6,809,975 shares. The stock had previously closed at $3.00.

Analyst Upgrades and Downgrades

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

Aurora Innovation Stock Performance

The stock has a market capitalization of $4.91 billion, a P/E ratio of -5.25 and a beta of 2.91. The business has a 50 day simple moving average of $2.73 and a 200-day simple moving average of $2.71.

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

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 1,000,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the sale, the director now owns 463,563 shares in the company, valued at $1,168,178.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.81% of the company's stock.

Institutional Trading of Aurora Innovation

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings 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 acquiring an additional 3,400 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $41,000. KBC Group NV purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $49,000. Blueshift Asset Management LLC purchased a new stake in shares of Aurora Innovation during the fourth quarter worth $53,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Aurora Innovation during the third quarter worth $27,000. Hedge funds and other institutional investors 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.