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

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 55,360,000 shares, a growth of 7.3% from the March 15th total of 51,580,000 shares. Based on an average trading volume of 6,850,000 shares, the days-to-cover ratio is presently 8.1 days. Approximately 7.6% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, Director Reid Hoffman sold 1,000,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the transaction, the director now directly owns 463,563 shares in the company, valued at approximately $1,168,178.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.83% of the company’s stock.

Institutional Investors Weigh In On Aurora Innovation

Several institutional investors and hedge funds have recently bought and sold shares of AUR. Parallel Advisors LLC lifted its stake in shares of Aurora Innovation by 91.9% in the 4th quarter. Parallel Advisors LLC now owns 7,100 shares of the company’s stock valued at $31,000 after purchasing an additional 3,400 shares during the period. US Bancorp DE lifted its stake in shares of Aurora Innovation by 21.8% in the 4th quarter. US Bancorp DE now owns 24,568 shares of the company’s stock valued at $107,000 after purchasing an additional 4,391 shares during the period. Rhumbline Advisers lifted its stake in shares of Aurora Innovation by 26.5% in the 2nd quarter. Rhumbline Advisers now owns 27,374 shares of the company’s stock valued at $52,000 after purchasing an additional 5,726 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Aurora Innovation by 51.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,140 shares of the company’s stock valued at $75,000 after purchasing an additional 5,859 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Aurora Innovation by 22.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,089 shares of the company’s stock valued at $85,000 after purchasing an additional 6,675 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of AUR stock opened at $3.00 on Wednesday. Aurora Innovation has a 1-year low of $1.28 and a 1-year high of $4.81. The business has a 50-day moving average of $2.73 and a 200 day moving average of $2.73. The stock has a market capitalization of $4.61 billion, a PE ratio of -4.92 and a beta of 2.91.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Aurora Innovation from a “neutral” rating to a “sell” rating and increased their target price for the company from $1.75 to $2.00 in a report on Wednesday, January 3rd. TD Cowen dropped 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. Finally, Canaccord Genuity Group increased their target price on Aurora Innovation from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Aurora Innovation Company Profile

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.