Reid Hoffman Sells 856,797 Shares of Aurora Innovation, Inc. (NASDAQ:AUR) Stock

Aurora Innovation, Inc. (NASDAQ:AUR) Director Reid Hoffman sold 856,797 shares of Aurora Innovation stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.49, for a total value of $4,703,815.53. Following the transaction, the director now owns 268,099 shares in the company, valued at approximately $1,471,863.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Reid Hoffman also recently made the following trade(s):

• On Friday, November 8th, Reid Hoffman sold 829,713 shares of Aurora Innovation stock. The stock was sold at an average price of $5.54, for a total value of $4,596,610.02.
• On Wednesday, November 6th, Reid Hoffman sold 3,500,000 shares of Aurora Innovation stock. The shares were sold at an average price of $5.58, for a total transaction of $19,530,000.00.
• On Monday, November 4th, Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock. The shares were sold at an average price of $5.45, for a total value of $7,596,613.30.

Aurora Innovation Stock Down 1.1 %

AUR stock traded down $0.06 during trading on Tuesday, hitting $5.40. The company had a trading volume of 12,604,393 shares, compared to its average volume of 8,775,158. The firm has a market capitalization of $9.28 billion, a P/E ratio of -11.14 and a beta of 2.82. Aurora Innovation, Inc. has a 52-week low of $1.73 and a 52-week high of $7.01. The company has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $4.01.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors have recently added to or reduced their stakes in AUR. Algert Global LLC boosted its holdings in Aurora Innovation by 29.8% during the third quarter. Algert Global LLC now owns 345,061 shares of the company’s stock worth $2,043,000 after buying an additional 79,140 shares in the last quarter. Citigroup Inc. boosted its holdings in Aurora Innovation by 229.4% in the 3rd quarter. Citigroup Inc. now owns 705,181 shares of the company’s stock valued at $4,175,000 after purchasing an additional 491,125 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Aurora Innovation by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,424,827 shares of the company’s stock worth $49,875,000 after purchasing an additional 1,776,513 shares during the period. Intech Investment Management LLC acquired a new stake in Aurora Innovation in the 3rd quarter valued at approximately $1,071,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of Aurora Innovation during the third quarter worth about $94,000. Institutional investors and hedge funds own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AUR. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a report on Monday, November 4th. TD Cowen raised their price target on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research note on Monday, September 30th. Finally, Evercore ISI raised their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th.

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.