HITE Hedge Asset Management LLC Sells 425,004 Shares of Aurora Innovation, Inc. (NASDAQ:AUR)

HITE Hedge Asset Management LLC decreased its holdings in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 69.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,602 shares of the company’s stock after selling 425,004 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Aurora Innovation were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Souders Financial Advisors purchased a new position in shares of Aurora Innovation in the 3rd quarter valued at about $59,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aurora Innovation during the third quarter valued at approximately $60,000. Sigma Planning Corp acquired a new position in shares of Aurora Innovation during the 3rd quarter worth $63,000. Sequoia Financial Advisors LLC bought a new position in shares of Aurora Innovation during the second quarter valued at approximately $30,000. Finally, ASB Consultores LLC grew its stake in Aurora Innovation by 24.0% during the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after purchasing an additional 3,088 shares during the last quarter. 44.71% of the stock is currently owned by institutional investors.

Aurora Innovation Price Performance

Shares of NASDAQ:AUR opened at $6.06 on Tuesday. The firm’s 50 day simple moving average is $5.91 and its two-hundred day simple moving average is $4.33. The company has a market capitalization of $10.41 billion, a P/E ratio of -12.37 and a beta of 2.86. Aurora Innovation, Inc. has a 1-year low of $2.10 and a 1-year high of $7.01.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the sale, the director now owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reid Hoffman sold 537,837 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.48, for a total value of $2,947,346.76. Following the transaction, the director now owns 286,247 shares of the company’s stock, valued at approximately $1,568,633.56. The trade was a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,776,667 shares of company stock valued at $48,432,337 in the last 90 days. 13.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore ISI upped their price objective on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. TD Cowen lifted their price target on Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group raised their price target on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.63.

Aurora Innovation 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.