Aurora Innovation (NASDAQ:AUR) Trading 6.8% Higher

Aurora Innovation, Inc. (NASDAQ:AUR) traded up 6.8% during mid-day trading on Monday . The company traded as high as $2.35 and last traded at $2.35. 2,603,593 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 5,232,351 shares. The stock had previously closed at $2.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AUR shares. The Goldman Sachs Group lowered their price target on Aurora Innovation from $2.50 to $1.75 and set a “neutral” rating on the stock in a report on Friday, November 3rd. TD Cowen started coverage on Aurora Innovation in a report on Tuesday, September 19th. They set a “market perform” rating and a $3.00 price target on the stock. Finally, Evercore ISI started coverage on Aurora Innovation in a report on Tuesday, September 12th. They set an “inline” rating and a $4.00 price target on the stock.

Aurora Innovation Stock Up 4.5 %

The business has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $2.44. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -3.16 and a beta of 2.66.

Insider Buying and Selling

In other Aurora Innovation news, Director Sterling Anderson sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $3.57, for a total value of $714,000.00. Following the completion of the transaction, the director now owns 61,933 shares of the company’s stock, valued at approximately $221,100.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 483,190 shares of company stock valued at $1,712,560. Insiders own 18.81% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Advisors Inc. acquired a new stake in shares of Aurora Innovation in the 2nd quarter valued at $42,000. Commonwealth Equity Services LLC bought a new position in shares of Aurora Innovation in the third quarter valued at about $27,000. Willis Johnson & Associates Inc. bought a new position in shares of Aurora Innovation in the third quarter valued at about $29,000. Simplicity Solutions LLC bought a new position in shares of Aurora Innovation in the third quarter valued at about $33,000. Finally, Royal Bank of Canada raised its holdings in shares of Aurora Innovation by 137.9% in the first quarter. Royal Bank of Canada now owns 14,465 shares of the company’s stock valued at $80,000 after buying an additional 8,385 shares during the last quarter. Institutional investors and hedge funds own 42.34% 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 passenger vehicles, light commercial vehicles, and trucks.