Aurora Innovation Target of Unusually Large Options Trading (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) saw some unusual options trading on Tuesday. Investors acquired 18,978 call options on the company. This represents an increase of 122% compared to the typical volume of 8,557 call options.

Aurora Innovation Price Performance

Shares of AUR stock opened at $6.45 on Thursday. The company’s fifty day simple moving average is $7.04 and its two-hundred day simple moving average is $5.80. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of -13.16 and a beta of 2.85. Aurora Innovation has a 1 year low of $2.10 and a 1 year high of $9.83.

Aurora Innovation (NASDAQ:AUR) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. Equities research analysts anticipate that Aurora Innovation will post -0.47 EPS for the current year.

Analyst Ratings Changes

AUR has been the topic of a number of analyst reports. Cantor Fitzgerald started coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They set an “overweight” rating and a $10.00 target price on the stock. TD Cowen raised their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wolfe Research initiated coverage on Aurora Innovation in a research report on Tuesday, November 26th. They set a “peer perform” rating on the stock. Canaccord Genuity Group upped their price target on shares of Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Aurora Innovation presently has a consensus rating of “Hold” and an average target price of $6.30.

Insider Activity

In other news, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total transaction of $189,000.00. Following the transaction, the director now directly owns 344,647 shares in the company, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reid Hoffman sold 447,046 shares of Aurora Innovation stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the transaction, the director now owns 26,892 shares of the company’s stock, valued at $135,535.68. This represents a 94.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,014,883 shares of company stock worth $5,389,459. 13.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Twin Tree Management LP grew its stake in shares of Aurora Innovation by 217.2% in the 4th quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock worth $28,000 after buying an additional 3,047 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in Aurora Innovation by 241.7% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock worth $44,000 after buying an additional 4,955 shares during the last quarter. Souders Financial Advisors purchased a new position in shares of Aurora Innovation during the third quarter valued at approximately $59,000. Grimes & Company Inc. bought a new position in shares of Aurora Innovation during the 4th quarter valued at $63,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Aurora Innovation in the third quarter worth about $60,000. Institutional investors own 44.71% of the company’s stock.

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.