Aurora Innovation (NASDAQ:AUR) Shares Up 4.2%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) traded up 4.2% during mid-day trading on Thursday . The stock traded as high as $2.78 and last traded at $2.76. 476,488 shares traded hands during trading, a decline of 93% from the average session volume of 6,464,554 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen dropped their price target on 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. Canaccord Genuity Group upped their price target on Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group lowered 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 research report on Wednesday, January 3rd.

Aurora Innovation Stock Performance

The stock has a market capitalization of $4.28 billion, a P/E ratio of -4.66 and a beta of 2.90. The stock has a 50 day moving average of $2.77 and a 200 day moving average of $2.72.

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

Insider Buying and Selling

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 transaction, 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 available at the SEC website. 18.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley grew its stake in shares of Aurora Innovation by 277.4% in the third quarter. Morgan Stanley now owns 85,015,346 shares of the company’s stock worth $199,786,000 after purchasing an additional 62,491,033 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Aurora Innovation by 5.9% in the fourth quarter. Vanguard Group Inc. now owns 83,516,588 shares of the company’s stock valued at $364,967,000 after buying an additional 4,625,559 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Aurora Innovation by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,824,382 shares of the company’s stock valued at $261,433,000 after buying an additional 158,114 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Aurora Innovation by 125.3% in the third quarter. Baillie Gifford & Co. now owns 33,634,164 shares of the company’s stock valued at $79,040,000 after buying an additional 18,703,703 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Aurora Innovation by 311.4% in the second quarter. BlackRock Inc. now owns 24,759,996 shares of the company’s stock valued at $72,794,000 after buying an additional 18,740,928 shares during the period. Institutional investors own 44.71% of the company’s stock.

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.