Aurora Innovation Target of Unusually High Options Trading (NASDAQ:AUR)

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

Analyst Ratings Changes

Several brokerages have recently weighed in on AUR. Wolfe Research initiated coverage on Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating on the stock. The Goldman Sachs Group boosted their price objective on Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. Cantor Fitzgerald started coverage on Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price for the company. Evercore ISI boosted their price target on shares of Aurora Innovation from $3.00 to $5.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, TD Cowen upped their price objective on shares of Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.70.

Aurora Innovation Stock Up 29.1 %

NASDAQ:AUR opened at $8.39 on Wednesday. Aurora Innovation has a 52 week low of $2.10 and a 52 week high of $9.83. The stock’s fifty day moving average is $6.48 and its two-hundred day moving average is $5.18. The company has a market capitalization of $14.42 billion, a P/E ratio of -17.12 and a beta of 2.85.

Insider Buying and Selling at Aurora Innovation

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

Institutional Trading of Aurora Innovation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its position in shares of Aurora Innovation by 10.0% during the third quarter. Amalgamated Bank now owns 32,006 shares of the company’s stock valued at $189,000 after acquiring an additional 2,913 shares during the last quarter. ASB Consultores LLC increased its holdings in Aurora Innovation by 24.0% in the 3rd quarter. ASB Consultores LLC now owns 15,955 shares of the company’s stock valued at $94,000 after purchasing an additional 3,088 shares during the last quarter. Glenmede Trust Co. NA raised its position in Aurora Innovation by 14.6% in the third quarter. Glenmede Trust Co. NA now owns 31,779 shares of the company’s stock valued at $188,000 after purchasing an additional 4,054 shares during the period. KBC Group NV lifted its stake in Aurora Innovation by 41.1% during the third quarter. KBC Group NV now owns 26,092 shares of the company’s stock worth $154,000 after purchasing an additional 7,595 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Aurora Innovation by 8.1% during the second quarter. Victory Capital Management Inc. now owns 102,199 shares of the company’s stock worth $283,000 after buying an additional 7,624 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

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.