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

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,202,354 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $7.27, for a total value of $8,741,113.58. The transaction was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $7.51, for a total value of $2,610,821.46.
• On Friday, May 15th, Reid Hoffman sold 5,498,487 shares of Aurora Innovation stock. The stock was sold at an average price of $7.81, for a total value of $42,943,183.47.

Aurora Innovation Trading Up 3.8%

NASDAQ AUR traded up $0.26 during mid-day trading on Thursday, hitting $7.07. The company’s stock had a trading volume of 46,073,951 shares, compared to its average volume of 32,390,010. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of -16.07 and a beta of 2.58. The company’s 50 day simple moving average is $5.52 and its 200 day simple moving average is $4.75. Aurora Innovation, Inc. has a twelve month low of $3.60 and a twelve month high of $8.56.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.00 million for 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 business’s revenue was down 66.7% on a year-over-year basis. As a group, research analysts forecast that Aurora Innovation, Inc. will post -0.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price target on shares of Aurora Innovation in a research note on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Cantor Fitzgerald restated an “overweight” rating on shares of Aurora Innovation in a report on Monday, February 9th. The Goldman Sachs Group upped their price target on Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, TD Cowen increased their price target on Aurora Innovation from $4.70 to $7.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC raised its stake in shares of Aurora Innovation by 24.2% during the 1st quarter. Western Wealth Management LLC now owns 60,579 shares of the company’s stock worth $250,000 after purchasing an additional 11,822 shares during the period. Bank of America Corp DE boosted its holdings in shares of Aurora Innovation by 130.0% in the 1st quarter. Bank of America Corp DE now owns 30,036,169 shares of the company’s stock worth $123,749,000 after buying an additional 16,975,927 shares during the last quarter. Janus Henderson Group PLC grew its position in Aurora Innovation by 2,068.8% during the first quarter. Janus Henderson Group PLC now owns 11,243,080 shares of the company’s stock valued at $46,319,000 after buying an additional 10,724,682 shares during the period. Amundi increased its holdings in Aurora Innovation by 46.4% during the first quarter. Amundi now owns 3,661,728 shares of the company’s stock worth $15,086,000 after buying an additional 1,160,872 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Aurora Innovation by 24.6% during the first quarter. California State Teachers Retirement System now owns 1,338,768 shares of the company’s stock worth $5,516,000 after buying an additional 263,978 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Company Profile

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.