Rivian Automotive, Inc. (NASDAQ:RIVN – Get 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.
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
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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