Aurora Innovation (NASDAQ:AUR) Trading 3.1% Higher – Still a Buy?

Aurora Innovation, Inc. (NASDAQ:AUR) shares shot up 3.1% during mid-day trading on Friday . The company traded as high as $7.51 and last traded at $7.30. 3,631,558 shares traded hands during trading, a decline of 76% from the average session volume of 14,995,154 shares. The stock had previously closed at $7.08.

Wall Street Analyst Weigh In

AUR has been the topic of several analyst reports. Cantor Fitzgerald began coverage on Aurora Innovation in a report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 price objective on the stock. Canaccord Genuity Group raised their price objective on shares of Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Evercore ISI upped their price target on Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Wolfe Research assumed coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They issued a “peer perform” rating for the company. Finally, TD Cowen increased their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.30.

Aurora Innovation Trading Up 1.7 %

The firm’s fifty day moving average is $6.96 and its 200 day moving average is $5.71. The stock has a market cap of $12.37 billion, a P/E ratio of -14.69 and a beta of 2.85.

Insider Activity at Aurora Innovation

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Reid Hoffman sold 447,046 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the sale, the director now directly owns 26,892 shares in the company, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,053,080 shares of company stock worth $16,709,114. Company insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AUR. Clare Market Investments LLC acquired a new position in shares of Aurora Innovation in the fourth quarter valued at approximately $4,110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aurora Innovation by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 248,252 shares of the company’s stock worth $1,564,000 after purchasing an additional 52,634 shares in the last quarter. Amundi raised its stake in shares of Aurora Innovation by 37.1% in the 4th quarter. Amundi now owns 1,741,232 shares of the company’s stock valued at $10,970,000 after purchasing an additional 470,856 shares during the period. Permanent Capital Management LP acquired a new position in shares of Aurora Innovation during the fourth quarter worth about $3,781,000. Finally, Raymond James Financial Inc. bought a new position in shares of Aurora Innovation during the fourth quarter worth about $702,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

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.