Aurora Innovation (NASDAQ:AUR) Director Sells $8,741,113.58 in Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 1,202,354 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $7.27, for a total transaction of $8,741,113.58. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction 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 transaction of $42,943,183.47.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $7.34 on Friday. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of -16.68 and a beta of 2.58. The firm’s 50-day simple moving average is $5.59 and its 200 day simple moving average is $4.77.

Aurora Innovation (NASDAQ:AUR) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $0.97 million. Aurora Innovation’s quarterly revenue was down 66.7% on a year-over-year basis. Sell-side analysts anticipate that Aurora Innovation, Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On Aurora Innovation

A number of large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its stake in Aurora Innovation by 6.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 274,809,541 shares of the company’s stock worth $1,055,269,000 after buying an additional 16,933,373 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Aurora Innovation by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 160,567,323 shares of the company’s stock valued at $616,579,000 after purchasing an additional 17,818,179 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Aurora Innovation by 35.9% in the 3rd quarter. Capital Research Global Investors now owns 71,298,585 shares of the company’s stock valued at $384,299,000 after purchasing an additional 18,820,542 shares in the last quarter. Bank of America Corp DE boosted its stake 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 valued at $123,749,000 after purchasing an additional 16,975,927 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Aurora Innovation by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 21,488,433 shares of the company’s stock valued at $82,535,000 after purchasing an additional 1,498,515 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AUR. Morgan Stanley reiterated an “overweight” rating and set a $14.00 price objective on shares of Aurora Innovation in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Aurora Innovation from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Monday, April 20th. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Aurora Innovation in a research note on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.43.

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.