Rivian Automotive (NASDAQ:RIVN) CFO Sells $74,455.92 in Stock

Rivian Automotive, Inc. (NASDAQ:RIVNGet Free Report) CFO Claire Mcdonough sold 5,544 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $13.43, for a total transaction of $74,455.92. Following the transaction, the chief financial officer directly owned 902,630 shares in the company, valued at $12,122,320.90. The trade was a 0.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Claire Mcdonough also recently made the following trade(s):

  • On Wednesday, April 22nd, Claire Mcdonough sold 10,245 shares of Rivian Automotive stock. The stock was sold at an average price of $18.00, for a total transaction of $184,410.00.
  • On Wednesday, February 18th, Claire Mcdonough sold 27,133 shares of Rivian Automotive stock. The stock was sold at an average price of $16.80, for a total transaction of $455,834.40.

Rivian Automotive Stock Performance

Shares of RIVN stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10. Rivian Automotive, Inc. has a one year low of $11.57 and a one year high of $22.69. The company’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $16.29. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of -4.85 and a beta of 1.64.

Rivian Automotive News Roundup

Here are the key news stories impacting Rivian Automotive this week:

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane reiterated an “outperform” rating and set a $22.00 price objective (down from $23.00) on shares of Rivian Automotive in a research note on Friday, May 1st. Tigress Financial reiterated a “buy” rating and set a $25.00 price objective on shares of Rivian Automotive in a research note on Friday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price objective on shares of Rivian Automotive in a research note on Friday, May 1st. Cantor Fitzgerald increased their price objective on shares of Rivian Automotive from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Piper Sandler dropped their price objective on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.57.

View Our Latest Analysis on RIVN

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RIVN. Newbridge Financial Services Group Inc. boosted its holdings in shares of Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after acquiring an additional 1,000 shares in the last quarter. Core Wealth Advisors LLC bought a new position in shares of Rivian Automotive in the fourth quarter valued at approximately $27,000. SOA Wealth Advisors LLC. boosted its holdings in shares of Rivian Automotive by 894.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after acquiring an additional 1,395 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Rivian Automotive in the third quarter valued at approximately $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Rivian Automotive in the fourth quarter valued at approximately $33,000. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive Company Profile

(Get Free Report)

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.

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Insider Buying and Selling by Quarter for Rivian Automotive (NASDAQ:RIVN)

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