Aurora Innovation (NASDAQ:AUR) Trading Down 3%

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report)'s share price dropped 3% during mid-day trading on Thursday . The stock traded as low as $2.89 and last traded at $2.95. Approximately 1,867,894 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 6,925,993 shares. The stock had previously closed at $3.04.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of 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. The Goldman Sachs Group downgraded shares of Aurora Innovation from a "neutral" rating to a "sell" rating and boosted their price objective for the stock from $1.75 to $2.00 in a report on Wednesday, January 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Friday, March 15th.

Aurora Innovation Price Performance

The firm has a market cap of $4.31 billion, a P/E ratio of -4.61 and a beta of 2.91. The stock's 50 day moving average is $2.73 and its two-hundred day moving average is $2.73.

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

Insiders Place Their Bets

In related news, Director Reid Hoffman sold 1,000,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 463,563 shares in the company, valued at $1,168,178.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.83% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in Aurora Innovation in the third quarter valued at approximately $27,000. Willis Johnson & Associates Inc. bought a new stake in Aurora Innovation in the 3rd quarter valued at $29,000. Teacher Retirement System of Texas acquired a new position in Aurora Innovation in the 4th quarter worth $29,000. ExodusPoint Capital Management LP bought a new position in Aurora Innovation during the 2nd quarter worth about $30,000. Finally, Parallel Advisors LLC raised its stake in shares of Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company's stock valued at $31,000 after purchasing an additional 3,400 shares during the period. 44.71% of the stock is currently owned by institutional investors.

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.