Aurora Innovation (NASDAQ:AUR) Trading Down 3%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) fell 3% during mid-day trading on Thursday . The company traded as low as $2.89 and last traded at $2.95. 1,867,894 shares were traded during trading, a decline of 73% from the average session volume of 6,925,993 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AUR. TD Cowen decreased their price target on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a report on Friday, March 15th. The Goldman Sachs Group cut shares of Aurora Innovation from a “neutral” rating to a “sell” rating and upped their price target for the company from $1.75 to $2.00 in a report on Wednesday, January 3rd. Finally, Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Aurora Innovation Trading Down 0.4 %

The stock’s 50-day moving average price is $2.72 and its 200 day moving average price is $2.74.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Insider Transactions at Aurora Innovation

In other news, Director Reid Hoffman sold 1,000,000 shares of the firm’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 sale, the director now owns 463,563 shares of the company’s stock, valued at $1,168,178.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Several hedge funds have recently modified their holdings of AUR. Bank of New York Mellon Corp grew its stake in shares of Aurora Innovation by 104.5% during the first quarter. Bank of New York Mellon Corp now owns 250,251 shares of the company’s stock valued at $1,399,000 after purchasing an additional 127,900 shares during the last quarter. HighTower Advisors LLC bought a new position in Aurora Innovation in the first quarter valued at approximately $543,000. PNC Financial Services Group Inc. boosted its stake in Aurora Innovation by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 40,000 shares of the company’s stock valued at $224,000 after acquiring an additional 20,000 shares during the last quarter. Rhumbline Advisers bought a new position in Aurora Innovation in the first quarter valued at approximately $121,000. Finally, BlackRock Inc. boosted its stake in Aurora Innovation by 2.5% in the first quarter. BlackRock Inc. now owns 3,630,346 shares of the company’s stock valued at $20,293,000 after acquiring an additional 89,330 shares during the last quarter. 44.71% of the stock is owned by 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.