Aurora Innovation (NASDAQ:AUR) Director Reid Hoffman Sells 1,202,354 Shares of Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,202,354 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $7.27, for a total transaction of $8,741,113.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 18th, Reid Hoffman sold 347,646 shares of Aurora Innovation stock. The shares were sold at an average price of $7.51, for a total transaction of $2,610,821.46.
• On Friday, May 15th, Reid Hoffman sold 5,498,487 shares of Aurora Innovation stock. The shares were sold at an average price of $7.81, for a total transaction of $42,943,183.47.

Aurora Innovation Trading Up 3.8%

AUR stock opened at $7.07 on Friday. The company has a market cap of $13.87 billion, a price-to-earnings ratio of -16.07 and a beta of 2.58. Aurora Innovation, Inc. has a 12 month low of $3.60 and a 12 month high of $8.56. The firm has a 50-day moving average of $5.52 and a two-hundred day moving average of $4.75.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The company’s revenue was down 66.7% on a year-over-year basis. As a group, equities analysts forecast that Aurora Innovation, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on AUR shares. Morgan Stanley reiterated an “overweight” rating and issued a $14.00 price objective on shares of Aurora Innovation in a report on Thursday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. Wall Street Zen cut shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $13.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of Aurora Innovation

Hedge funds have recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Aurora Innovation in the 3rd quarter valued at approximately $36,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $35,000. Fifth Third Bancorp grew its stake in shares of Aurora Innovation by 101.4% in the 3rd quarter. Fifth Third Bancorp now owns 9,930 shares of the company’s stock valued at $54,000 after buying an additional 5,000 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Aurora Innovation in the 4th quarter valued at approximately $39,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Aurora Innovation in the 3rd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 44.71% of the company’s stock.

About Aurora Innovation

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.