Stock Traders Buy Large Volume of Call Options on Aurora Innovation (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) was the recipient of some unusual options trading on Tuesday. Investors purchased 55,726 call options on the company. This represents an increase of approximately 395% compared to the average daily volume of 11,269 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research note on Wednesday. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.75.

Insider Buying and Selling

In related news, Director Brittany Bagley sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director owned 398,372 shares of the company’s stock, valued at $2,147,225.08. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of $6.10 per share, with a total value of $990,255.70. Following the purchase, the director directly owned 162,337 shares of the company’s stock, valued at $990,255.70. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 11.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aurora Innovation

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Aurora Innovation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 115,413,401 shares of the company’s stock worth $776,155,000 after acquiring an additional 2,392,995 shares in the last quarter. Durable Capital Partners LP boosted its holdings in shares of Aurora Innovation by 36.7% in the second quarter. Durable Capital Partners LP now owns 20,404,238 shares of the company’s stock valued at $106,918,000 after acquiring an additional 5,481,969 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Aurora Innovation by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,721,799 shares of the company’s stock worth $58,654,000 after buying an additional 27,852 shares in the last quarter. Norges Bank purchased a new stake in shares of Aurora Innovation in the second quarter valued at about $42,421,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Aurora Innovation by 17.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,264,577 shares of the company’s stock valued at $39,156,000 after purchasing an additional 1,094,021 shares in the last quarter. 44.71% of the stock is currently owned by institutional investors and hedge funds.

Aurora Innovation Stock Performance

NASDAQ:AUR opened at $5.10 on Thursday. The stock has a market capitalization of $9.41 billion, a P/E ratio of -11.33 and a beta of 2.45. The company has a 50 day moving average price of $5.56 and a 200 day moving average price of $5.92. Aurora Innovation has a fifty-two week low of $4.75 and a fifty-two week high of $10.77.

Aurora Innovation (NASDAQ:AUR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.23 million. During the same period in the previous year, the business posted ($0.13) EPS. Research analysts forecast that Aurora Innovation will post -0.49 earnings per share for the current fiscal year.

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.