Traders Buy High Volume of Aurora Innovation Call Options (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) saw some unusual options trading on Tuesday. Stock traders acquired 7,703 call options on the company. This is an increase of 59% compared to the typical daily volume of 4,847 call options.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 1,393,874 shares of Aurora Innovation stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.45, for a total transaction of $7,596,613.30. Following the completion of the transaction, the director now directly owns 672,425 shares of the company’s stock, valued at approximately $3,664,716.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in Aurora Innovation by 17.2% in the 3rd quarter. Baillie Gifford & Co. now owns 84,904,647 shares of the company’s stock valued at $502,636,000 after purchasing an additional 12,466,085 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Aurora Innovation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 84,784,550 shares of the company’s stock worth $239,092,000 after acquiring an additional 1,267,962 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Aurora Innovation by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,337,429 shares of the company’s stock valued at $36,941,000 after acquiring an additional 2,502,002 shares during the period. Primecap Management Co. CA lifted its holdings in Aurora Innovation by 1.0% during the 2nd quarter. Primecap Management Co. CA now owns 10,217,700 shares of the company’s stock valued at $28,303,000 after purchasing an additional 102,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Aurora Innovation by 273.5% during the second quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock worth $14,377,000 after purchasing an additional 3,800,901 shares during the period. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Price Performance

Shares of Aurora Innovation stock opened at $5.71 on Thursday. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of -11.65 and a beta of 2.82. The stock’s 50-day moving average is $5.43 and its 200-day moving average is $3.96. Aurora Innovation has a one year low of $1.73 and a one year high of $7.01.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a report on Monday, September 30th. Evercore ISI raised their target price on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. The Goldman Sachs Group increased their price objective on shares of Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday. Finally, TD Cowen upped their target price on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Thursday, October 31st.

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.