Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) Director Reid Hoffman sold 347,646 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.51, for a total transaction of $2,610,821.46. Following the completion of the sale, the director owned 60,118 shares of the company's stock, valued at $451,486.18. This trade represents a 85.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Reid Hoffman also recently made the following trade(s):
- On Friday, May 15th, Reid Hoffman sold 5,498,487 shares of Aurora Innovation stock. The shares were sold at an average price of $7.81, for a total transaction of $42,943,183.47.
Aurora Innovation Stock Down 6.5%
Shares of NASDAQ AUR opened at $6.94 on Wednesday. The firm has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $4.64. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of -15.77 and a beta of 2.58. Aurora Innovation, Inc. has a 52 week low of $3.60 and a 52 week high of $8.56.
Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.97 million. Aurora Innovation had a negative net margin of 20,775.00% and a negative return on equity of 40.45%. Aurora Innovation's revenue for the quarter was down 66.7% compared to the same quarter last year. As a group, equities research analysts expect that Aurora Innovation, Inc. will post -0.46 EPS for the current year.
Wall Street Analysts Forecast Growth
AUR has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Aurora Innovation in a research report on Monday, April 20th. Wall Street Zen cut shares of Aurora Innovation from a "hold" rating to a "sell" rating in a research report on Sunday, April 26th. Morgan Stanley restated an "overweight" rating and set a $14.00 price objective on shares of Aurora Innovation in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price objective on shares of Aurora Innovation from $4.00 to $5.00 and gave the stock a "neutral" rating in a research report on Friday, April 17th. Finally, TD Cowen raised their price objective on shares of Aurora Innovation from $4.70 to $7.00 and gave the stock a "hold" rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $11.50.
Get Our Latest Stock Analysis on Aurora Innovation
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Ascent Wealth Partners LLC boosted its stake in Aurora Innovation by 9.6% during the first quarter. Ascent Wealth Partners LLC now owns 15,820 shares of the company's stock worth $65,000 after buying an additional 1,389 shares during the period. Gabelli Funds LLC boosted its stake in Aurora Innovation by 15.4% during the first quarter. Gabelli Funds LLC now owns 15,000 shares of the company's stock worth $62,000 after buying an additional 2,000 shares during the period. Abel Hall LLC boosted its stake in Aurora Innovation by 21.0% during the fourth quarter. Abel Hall LLC now owns 13,596 shares of the company's stock worth $52,000 after buying an additional 2,356 shares during the period. World Investment Advisors boosted its stake in Aurora Innovation by 7.4% during the fourth quarter. World Investment Advisors now owns 34,812 shares of the company's stock worth $134,000 after buying an additional 2,406 shares during the period. Finally, Cerity Partners LLC boosted its stake in Aurora Innovation by 20.1% during the second quarter. Cerity Partners LLC now owns 14,686 shares of the company's stock worth $77,000 after buying an additional 2,458 shares during the period. Hedge funds and other institutional investors own 44.71% of the company's stock.
Aurora Innovation Company Profile
(
Get Free Report)
Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.
The company's core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.
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