Claire Mcdonough Sells 6,856 Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) Stock

Rivian Automotive, Inc. (NASDAQ:RIVNGet Free Report) CFO Claire Mcdonough sold 6,856 shares of the company’s stock in a transaction dated 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 represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $12.20, for a total value of $98,783.40.

Rivian Automotive Trading Down 2.3 %

RIVN opened at $13.61 on Friday. Rivian Automotive, Inc. has a 52-week low of $8.26 and a 52-week high of $18.85. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93. The business’s 50-day simple moving average is $13.59 and its 200 day simple moving average is $12.54.

Rivian Automotive (NASDAQ:RIVNGet Free Report) last released its earnings results 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%. As a group, equities research analysts forecast that Rivian Automotive, Inc. will post -4.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RIVN. Benchmark began coverage on Rivian Automotive in a report on Monday, December 9th. They issued a “buy” rating and a $18.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $13.00 target price on shares of Rivian Automotive in a research note on Monday, January 6th. Wedbush reissued an “outperform” rating and issued a $20.00 target price on shares of Rivian Automotive in a research note on Friday, November 8th. Guggenheim decreased their target price on Rivian Automotive from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays boosted their target price 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, fourteen have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.13.

Read Our Latest Report on Rivian Automotive

Institutional Trading of Rivian Automotive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in Rivian Automotive by 52.5% in the third quarter. Baillie Gifford & Co. now owns 50,357,579 shares of the electric vehicle automaker’s stock valued at $565,012,000 after buying an additional 17,341,786 shares during the period. Geode Capital Management LLC raised its stake in Rivian Automotive by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 13,227,560 shares of the electric vehicle automaker’s stock valued at $175,639,000 after buying an additional 227,168 shares during the period. Capital International Investors bought a new stake in Rivian Automotive in the fourth quarter valued at approximately $144,030,000. Norges Bank bought a new stake in Rivian Automotive in the fourth quarter valued at approximately $123,308,000. Finally, Soma Equity Partners LP raised its stake in Rivian Automotive by 19.9% in the fourth quarter. Soma Equity Partners LP now owns 8,486,109 shares of the electric vehicle automaker’s stock valued at $112,865,000 after buying an additional 1,407,772 shares during the period. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Company Profile

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

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