Aurora Innovation, Inc. (NASDAQ:AUR) Short Interest Update

Aurora Innovation, Inc. (NASDAQ:AUR) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 83,910,000 shares, a decrease of 6.4% from the October 15th total of 89,600,000 shares. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,710,000 shares, the days-to-cover ratio is currently 9.6 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AUR shares. Canaccord Genuity Group restated a “buy” rating and issued a $7.00 price target on shares of Aurora Innovation in a research report on Monday, September 30th. Evercore ISI lifted their target price on Aurora Innovation from $3.00 to $5.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. TD Cowen upped their target price on Aurora Innovation from $3.00 to $4.00 and gave the company a “hold” rating in a 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 stock a “sell” rating in a research note on Monday, November 4th.

Insider Activity

In related news, Director Reid Hoffman sold 447,046 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $5.04, for a total value of $2,253,111.84. Following the sale, the director now directly owns 26,892 shares in the company, valued at $135,535.68. The trade was a 94.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 8,208,830 shares of company stock worth $45,295,991 over the last 90 days. 13.83% of the stock is currently owned by company insiders.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently modified their holdings of AUR. Baillie Gifford & Co. raised its position in Aurora Innovation by 78.4% during the second quarter. Baillie Gifford & Co. now owns 72,438,562 shares of the company’s stock valued at $200,655,000 after buying an additional 31,841,994 shares during the period. FMR LLC grew its stake in Aurora Innovation by 206.1% during the 3rd quarter. FMR LLC now owns 13,848,530 shares of the company’s stock valued at $81,983,000 after acquiring an additional 9,325,013 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Aurora Innovation by 273.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,190,426 shares of the company’s stock valued at $14,377,000 after purchasing an additional 3,800,901 shares during the period. Geode Capital Management LLC lifted its position in shares of Aurora Innovation by 15.5% in the third quarter. Geode Capital Management LLC now owns 22,796,526 shares of the company’s stock worth $134,981,000 after purchasing an additional 3,064,342 shares in the last quarter. Finally, State Street Corp grew its position in Aurora Innovation by 15.2% during the third quarter. State Street Corp now owns 22,183,252 shares of the company’s stock valued at $131,325,000 after purchasing an additional 2,920,653 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Aurora Innovation Stock Performance

NASDAQ AUR opened at $4.99 on Monday. The firm’s 50 day moving average price is $5.58 and its two-hundred day moving average price is $4.09. Aurora Innovation has a twelve month low of $2.04 and a twelve month high of $7.01. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of -10.18 and a beta of 2.82.

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.