Aurora Innovation (NASDAQ:AUR) Trading Up 8.2%

Shares of Aurora Innovation, Inc. (NASDAQ:AUR) rose 8.2% during trading on Friday . The company traded as high as $3.18 and last traded at $3.17. Approximately 3,802,230 shares changed hands during trading, a decline of 44% from the average daily volume of 6,778,675 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on Aurora Innovation from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. TD Cowen decreased their price target 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.

Aurora Innovation Stock Up 12.3 %

The stock has a 50 day moving average of $2.70 and a 200 day moving average of $2.80.

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

Insider Buying and Selling at Aurora Innovation

In other news, Director Reid Hoffman sold 1,000,000 shares of Aurora Innovation stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total value of $2,520,000.00. Following the completion of the transaction, the director now directly owns 463,563 shares of the company’s stock, valued at approximately $1,168,178.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 13.83% of the company’s stock.

Institutional Trading of Aurora Innovation

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Aurora Innovation by 73.2% in the 3rd 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 holdings in shares of Aurora Innovation by 823.6% in the third quarter. FMR LLC now owns 21,315,044 shares of the company’s stock valued at $50,090,000 after purchasing an additional 19,007,248 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Aurora Innovation by 125.3% during the third quarter. Baillie Gifford & Co. now owns 33,634,164 shares of the company’s stock valued at $79,040,000 after buying an additional 18,703,703 shares during the last quarter. Greylock 15 GP LLC bought a new stake in Aurora Innovation during the fourth quarter worth $61,604,000. Finally, Wellington Management Group LLP raised its position in Aurora Innovation by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,060,657 shares of the company’s stock valued at $42,443,000 after buying an additional 5,903,484 shares during the last quarter. Institutional investors own 44.71% of the company’s stock.

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.