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

Aurora Innovation, Inc. (NASDAQ:AURGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 51,580,000 shares, an increase of 6.7% from the February 29th total of 48,320,000 shares. Based on an average daily trading volume, of 6,480,000 shares, the short-interest ratio is presently 8.0 days. Approximately 7.2% of the company’s stock are short sold.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the sale, the director now directly owns 463,563 shares in the company, valued at $1,168,178.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of Aurora Innovation by 277.4% during the 3rd quarter. Morgan Stanley now owns 85,015,346 shares of the company’s stock valued at $199,786,000 after acquiring an additional 62,491,033 shares during the period. Vanguard Group Inc. increased its position in shares of Aurora Innovation by 73.2% in the third quarter. Vanguard Group Inc. now owns 78,891,029 shares of the company’s stock valued at $185,394,000 after buying an additional 33,348,395 shares in the last quarter. FMR LLC lifted its position in shares of Aurora Innovation by 823.6% during the 3rd quarter. FMR LLC now owns 21,315,044 shares of the company’s stock valued at $50,090,000 after buying an additional 19,007,248 shares in the last quarter. BlackRock Inc. lifted its position in shares of Aurora Innovation by 311.4% during the 2nd quarter. BlackRock Inc. now owns 24,759,996 shares of the company’s stock valued at $72,794,000 after buying an additional 18,740,928 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in Aurora Innovation by 125.3% in the 3rd quarter. Baillie Gifford & Co. now owns 33,634,164 shares of the company’s stock valued at $79,040,000 after acquiring an additional 18,703,703 shares during the period. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Aurora Innovation Stock Up 5.6 %

Aurora Innovation stock opened at $3.02 on Thursday. Aurora Innovation has a 52 week low of $1.20 and a 52 week high of $4.81. The stock has a 50-day moving average price of $2.74 and a 200 day moving average price of $2.71. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -4.95 and a beta of 2.91.

Aurora Innovation (NASDAQ:AURGet Free Report) last issued its earnings results on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AUR. TD Cowen decreased their price objective on shares of Aurora Innovation from $3.50 to $3.00 and set a “market perform” rating for the company in a research report on Friday, March 15th. The Goldman Sachs Group lowered shares of Aurora Innovation from a “neutral” rating to a “sell” rating and upped their price target for the company from $1.75 to $2.00 in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th.

View Our Latest Report on AUR

Aurora Innovation Company Profile

(Get Free Report)

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.

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