Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Update

Aurora Innovation, Inc. (NASDAQ:AUR) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 51,580,000 shares, an increase of 6.7% from the February 29th total of 48,320,000 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,480,000 shares, the short-interest ratio is currently 8.0 days.

Insider Activity at Aurora Innovation

In related 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 sale, the director now directly owns 463,563 shares of the company’s stock, valued at approximately $1,168,178.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new position in Aurora Innovation during the third quarter valued at approximately $27,000. Willis Johnson & Associates Inc. purchased a new position in shares of Aurora Innovation during the 3rd quarter valued at $29,000. Teacher Retirement System of Texas bought a new position in shares of Aurora Innovation in the fourth quarter worth $29,000. ExodusPoint Capital Management LP purchased a new stake in shares of Aurora Innovation in the second quarter worth $30,000. Finally, Parallel Advisors LLC grew its position in Aurora Innovation by 91.9% during the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock worth $31,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

AUR stock opened at $3.02 on Thursday. Aurora Innovation has a fifty-two week low of $1.20 and a fifty-two week high of $4.81. The stock has a fifty day moving average of $2.74 and a 200-day moving average of $2.71. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -4.95 and a beta of 2.91.

Aurora Innovation (NASDAQ:AUR) last posted its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AUR. TD Cowen reduced their target price on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a report on Friday, March 15th. Canaccord Genuity Group boosted their price target on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group lowered shares of Aurora Innovation from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $1.75 to $2.00 in a research report on Wednesday, January 3rd.

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.