Aurora Innovation (NASDAQ:AUR) Shares Gap Down to $3.25

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) gapped down prior to trading on Wednesday . The stock had previously closed at $3.25, but opened at $3.06. Aurora Innovation shares last traded at $3.09, with a volume of 1,100,001 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on AUR. The Goldman Sachs Group downgraded 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. TD Cowen reduced their price objective on Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, March 15th. Finally, Canaccord Genuity Group lifted their price objective on Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th.

Aurora Innovation Price Performance

The company has a 50-day moving average of $2.73 and a two-hundred day moving average of $2.72. The stock has a market capitalization of $4.87 billion, a PE ratio of -5.20 and a beta of 2.91.

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

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 592,249 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $2.77, for a total transaction of $1,640,529.73. Following the completion of the sale, the director now directly owns 648,563 shares in the company, valued at $1,796,519.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.70% of the company’s stock.

Institutional Trading of Aurora Innovation

Several large investors have recently bought and sold shares of AUR. Commonwealth Equity Services LLC acquired a new position in Aurora Innovation in the 3rd quarter worth $27,000. Willis Johnson & Associates Inc. purchased a new position in Aurora Innovation in the third quarter valued at about $29,000. Teacher Retirement System of Texas acquired a new stake in Aurora Innovation during the 4th quarter valued at approximately $29,000. ExodusPoint Capital Management LP purchased a new stake in Aurora Innovation during the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC boosted its stake in shares of Aurora Innovation by 91.9% during the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after buying an additional 3,400 shares during the last quarter. Institutional investors and hedge funds 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.