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

Aurora Innovation, Inc. (NASDAQ:AUR) saw some unusual options trading activity on Tuesday. Traders bought 18,978 call options on the company. This is an increase of approximately 122% compared to the typical volume of 8,557 call options.

Insider Activity

In other news, Director Reid Hoffman sold 447,046 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total transaction of $2,253,111.84. Following the completion of the sale, the director now owns 26,892 shares in the company, valued at approximately $135,535.68. The trade was a 94.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria R. Boyland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $6.30, for a total value of $189,000.00. Following the sale, the director now owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,196,283 shares of company stock valued at $12,005,299 in the last 90 days. 13.83% of the stock is currently owned by insiders.

Institutional Trading of Aurora Innovation

Hedge funds have recently made changes to their positions in the stock. Twin Tree Management LP raised its position in Aurora Innovation by 217.2% during the fourth quarter. Twin Tree Management LP now owns 4,450 shares of the company’s stock valued at $28,000 after acquiring an additional 3,047 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in Aurora Innovation by 241.7% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,005 shares of the company’s stock valued at $44,000 after acquiring an additional 4,955 shares in the last quarter. Souders Financial Advisors bought a new position in Aurora Innovation during the third quarter valued at approximately $59,000. Dynamic Technology Lab Private Ltd bought a new position in Aurora Innovation during the third quarter valued at approximately $60,000. Finally, Sigma Planning Corp bought a new position in Aurora Innovation during the third quarter valued at approximately $63,000. 44.71% of the stock is owned by hedge funds and other institutional investors.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR traded down $0.33 during mid-day trading on Tuesday, reaching $7.48. The company had a trading volume of 5,069,418 shares, compared to its average volume of 14,749,174. The stock has a fifty day moving average of $6.98 and a two-hundred day moving average of $5.75. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of -15.28 and a beta of 2.85. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $9.83.

Analysts Set New Price Targets

A number of brokerages have issued reports on AUR. The Goldman Sachs Group upped their target price on Aurora Innovation from $2.00 to $2.50 and gave the company a “sell” rating in a research report on Monday, November 4th. Cantor Fitzgerald initiated coverage on Aurora Innovation in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. Wolfe Research initiated coverage on Aurora Innovation in a research note on Tuesday, November 26th. They issued a “peer perform” rating for the company. Evercore ISI increased their price target on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Finally, Canaccord Genuity Group raised their target price on Aurora Innovation from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.30.

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.