Insider Selling: Rivian Automotive (NASDAQ:RIVN) CFO Sells $128,368.00 in Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 8,023 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the completion of the transaction, the chief financial officer directly owned 887,007 shares in the company, valued at $14,192,112. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Claire Mcdonough sold 5,544 shares of Rivian Automotive stock. The shares were sold at an average price of $13.43, for a total value of $74,455.92.
• On Wednesday, April 22nd, Claire Mcdonough sold 10,245 shares of Rivian Automotive stock. The shares were sold at an average price of $18.00, for a total value of $184,410.00.

Rivian Automotive Price Performance

NASDAQ RIVN opened at $18.12 on Friday. The stock has a market capitalization of $22.49 billion, a P/E ratio of -6.21 and a beta of 1.62. Rivian Automotive, Inc. has a 1 year low of $11.57 and a 1 year high of $22.69. The business’s fifty day moving average is $15.43 and its two-hundred day moving average is $16.33. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10.

Institutional Trading of Rivian Automotive

Institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. boosted its holdings in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of Rivian Automotive during the 4th quarter valued at $27,000. SOA Wealth Advisors LLC. boosted its stake in shares of Rivian Automotive by 894.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after buying an additional 1,395 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Rivian Automotive in the third quarter worth $31,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Rivian Automotive in the fourth quarter worth $33,000. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Volkswagen agreed to invest $1 billion in Rivian through a private placement, taking a minority stake and reinforcing confidence in Rivian’s technology, R2 rollout, and long-term partnership potential. Article Title
• Positive Sentiment: TD Cowen reaffirmed a Buy rating and set a $20 price target, signaling continued analyst support for the stock. Article Title
• Positive Sentiment: Trading activity suggested bullish sentiment, with unusually large call-option volume and multiple reports highlighting strong investor interest ahead of the R2 launch. Article Title
• Positive Sentiment: Rivian’s R2 SUV was reported to match Tesla’s efficiency and beat the Model Y on range, a development that could strengthen demand expectations for the new model. Article Title
• Neutral Sentiment: Some commentary urged investors to wait for the R2 launch before making a full valuation call, suggesting the stock may still be trading on expectations rather than completed execution. Article Title
• Neutral Sentiment: Rivian’s CFO sold shares in a pre-planned 10b5-1 transaction, which is not unusual but can draw attention when the stock is rising quickly. Article Title
• Negative Sentiment: One article noted Rivian pulled back after a strong run, highlighting that some traders may be taking profits even as enthusiasm around the R2 launch remains high. Article Title

Analyst Ratings Changes

Several research firms have issued reports on RIVN. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $22.00 price target (down from $23.00) on shares of Rivian Automotive in a report on Friday, May 1st. Piper Sandler dropped their price target on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Rivian Automotive in a research note on Friday, May 1st. UBS Group raised shares of Rivian Automotive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $15.00 to $16.00 in a research note on Friday, February 13th. Finally, Leerink Partners reissued an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.57.

About Rivian Automotive

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.