Insider Selling: Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Sells $149,055.00 in Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 9,937 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $15.00, for a total value of $149,055.00. Following the sale, the chief financial officer now owns 851,637 shares in the company, valued at $12,774,555. This trade represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, February 19th, Claire Mcdonough sold 6,856 shares of Rivian Automotive stock. The shares were sold at an average price of $14.26, for a total value of $97,766.56.

Rivian Automotive Trading Up 3.3%

Shares of Rivian Automotive stock opened at $15.81 on Friday. The stock has a market cap of $17.88 billion, a P/E ratio of -3.35 and a beta of 1.86. The stock’s 50 day simple moving average is $12.39 and its 200-day simple moving average is $12.51. Rivian Automotive, Inc. has a 1-year low of $9.50 and a 1-year high of $18.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.09 and a quick ratio of 3.70.

Rivian Automotive (NASDAQ:RIVN) last issued its earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Rivian Automotive had a negative return on equity of 66.26% and a negative net margin of 95.51%. Analysts predict that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on Rivian Automotive from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Barclays raised their target price on Rivian Automotive from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group dropped their target price on Rivian Automotive from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Cantor Fitzgerald restated a “neutral” rating and set a $15.00 target price on shares of Rivian Automotive in a research report on Wednesday, May 7th. Finally, Mizuho lifted their price objective on Rivian Automotive from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.24.

Institutional Trading of Rivian Automotive

Several institutional investors have recently made changes to their positions in RIVN. Tandem Financial LLC purchased a new stake in shares of Rivian Automotive during the 4th quarter valued at approximately $25,000. PFS Partners LLC raised its position in shares of Rivian Automotive by 1,882.0% during the 1st quarter. PFS Partners LLC now owns 1,982 shares of the electric vehicle automaker’s stock valued at $25,000 after buying an additional 1,882 shares during the period. Banque Transatlantique SA raised its position in shares of Rivian Automotive by 13,194.1% during the 1st quarter. Banque Transatlantique SA now owns 2,260 shares of the electric vehicle automaker’s stock valued at $26,000 after buying an additional 2,243 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Rivian Automotive during the 4th quarter valued at approximately $27,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Rivian Automotive during the 4th quarter valued at approximately $34,000. Hedge funds and other 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.