Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 6,856 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $14.26, for a total value of $97,766.56. Following the completion of the sale, the chief financial officer now owns 335,076 shares of the company's stock, valued at $4,778,183.76. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Claire Mcdonough also recently made the following trade(s):
- On Monday, December 16th, Claire Mcdonough sold 18,501 shares of Rivian Automotive stock. The shares were sold at an average price of $15.00, for a total value of $277,515.00.
- On Tuesday, November 26th, Claire Mcdonough sold 8,097 shares of Rivian Automotive stock. The stock was sold at an average price of $12.20, for a total value of $98,783.40.
Rivian Automotive Stock Performance
Shares of RIVN stock traded down $0.68 during mid-day trading on Friday, hitting $12.94. 62,918,692 shares of the stock were exchanged, compared to its average volume of 34,397,566. The stock's fifty day simple moving average is $13.59 and its two-hundred day simple moving average is $12.54. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of -2.31 and a beta of 2.04. Rivian Automotive, Inc. has a 12-month low of $8.26 and a 12-month high of $18.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.70 and a current ratio of 5.09.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.06. Rivian Automotive had a negative return on equity of 72.78% and a negative net margin of 121.38%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.43 billion. On average, analysts forecast that Rivian Automotive, Inc. will post -4.7 EPS for the current year.
Institutional Investors Weigh In On Rivian Automotive
A number of institutional investors have recently added to or reduced their stakes in RIVN. Creative Planning boosted its holdings in Rivian Automotive by 6.7% in the 3rd quarter. Creative Planning now owns 115,686 shares of the electric vehicle automaker's stock valued at $1,298,000 after purchasing an additional 7,236 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Rivian Automotive during the 3rd quarter valued at approximately $310,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Rivian Automotive by 55.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,764 shares of the electric vehicle automaker's stock valued at $828,000 after acquiring an additional 26,374 shares during the period. Blue Trust Inc. lifted its position in shares of Rivian Automotive by 40.3% during the 3rd quarter. Blue Trust Inc. now owns 4,531 shares of the electric vehicle automaker's stock valued at $51,000 after acquiring an additional 1,301 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Rivian Automotive during the 3rd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 66.25% of the company's stock.
Analyst Ratings Changes
RIVN has been the subject of several analyst reports. Bank of America lowered Rivian Automotive from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $13.00 in a research report on Friday, November 8th. Cantor Fitzgerald lowered Rivian Automotive from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Friday. Robert W. Baird restated a "neutral" rating and set a $16.00 price target (down from $18.00) on shares of Rivian Automotive in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on Rivian Automotive from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, Barclays increased their price objective on Rivian Automotive from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.50.
Check Out Our Latest Stock Analysis on RIVN
About Rivian Automotive
(
Get Free Report)
Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.
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