Aurora Innovation Sees Unusually Large Options Volume (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of some unusual options trading on Tuesday. Traders acquired 35,269 call options on the stock. This is an increase of 466% compared to the typical volume of 6,231 call options.

Aurora Innovation Price Performance

NASDAQ:AUR opened at $8.06 on Thursday. Aurora Innovation has a 12 month low of $2.10 and a 12 month high of $9.83. The business’s 50-day moving average is $6.48 and its two-hundred day moving average is $5.18. The firm has a market capitalization of $13.85 billion, a PE ratio of -16.45 and a beta of 2.85.

Wall Street Analysts Forecast Growth

AUR has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 price target on the stock. Wolfe Research assumed coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating on the stock. TD Cowen boosted their price objective 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. Finally, The Goldman Sachs Group lifted their price target on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.30.

Insider Activity

In other Aurora Innovation news, Director Gloria R. Boyland sold 30,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the completion of the transaction, the director now owns 344,647 shares in the company, valued at approximately $2,171,276.10. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reid Hoffman sold 3,500,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $19,530,000.00. Following the transaction, the director now directly owns 382,425 shares in the company, valued at approximately $2,133,931.50. This trade represents a 90.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,776,667 shares of company stock valued at $48,432,337. 13.83% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

A number of hedge funds have recently made changes to their positions in the company. Profund Advisors LLC acquired a new stake in shares of Aurora Innovation in the 2nd quarter valued at about $46,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Aurora Innovation in the 2nd quarter valued at approximately $51,000. Souders Financial Advisors bought a new position in Aurora Innovation during the third quarter worth $59,000. Dynamic Technology Lab Private Ltd acquired a new position in Aurora Innovation in the third quarter worth $60,000. Finally, Sigma Planning Corp acquired a new stake in shares of Aurora Innovation during the third quarter worth $63,000. Hedge funds and other 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.