Rivian Automotive, Inc. (NASDAQ:RIVN) Shares Sold by EMC Capital Management

EMC Capital Management cut its position in Rivian Automotive, Inc. (NASDAQ:RIVNFree Report) by 82.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,000 shares of the electric vehicle automaker’s stock after selling 23,206 shares during the period. EMC Capital Management’s holdings in Rivian Automotive were worth $67,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RIVN. Wilmington Savings Fund Society FSB purchased a new position in shares of Rivian Automotive in the 3rd quarter valued at about $28,000. GHP Investment Advisors Inc. increased its position in shares of Rivian Automotive by 63.2% during the third quarter. GHP Investment Advisors Inc. now owns 2,588 shares of the electric vehicle automaker’s stock valued at $29,000 after acquiring an additional 1,002 shares during the last quarter. American Capital Advisory LLC raised its position in Rivian Automotive by 267.6% in the third quarter. American Capital Advisory LLC now owns 2,900 shares of the electric vehicle automaker’s stock valued at $33,000 after purchasing an additional 2,111 shares during the period. Hantz Financial Services Inc. grew its position in Rivian Automotive by 2,636.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,010 shares of the electric vehicle automaker’s stock valued at $34,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Rivian Automotive during the 3rd quarter worth approximately $44,000. 66.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on RIVN shares. Baird R W downgraded shares of Rivian Automotive from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial raised their price target on Rivian Automotive from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Royal Bank of Canada cut their price target on Rivian Automotive from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, November 8th. Sanford C. Bernstein began coverage on shares of Rivian Automotive in a research report on Wednesday. They issued an “underperform” rating and a $6.10 price objective on the stock. Finally, Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Rivian Automotive in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Rivian Automotive presently has a consensus rating of “Hold” and a consensus price target of $15.13.

View Our Latest Stock Analysis on Rivian Automotive

Rivian Automotive Price Performance

Shares of NASDAQ RIVN opened at $12.56 on Friday. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $12.86. The firm has a market cap of $12.82 billion, a PE ratio of -2.24 and a beta of 2.05. Rivian Automotive, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $18.85.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 35,713 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $13.76, for a total value of $491,410.88. Following the transaction, the chief executive officer now owns 863,361 shares of the company’s stock, valued at $11,879,847.36. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Claire Mcdonough sold 8,097 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $12.20, for a total value of $98,783.40. Following the transaction, the chief financial officer now directly owns 370,401 shares of the company’s stock, valued at $4,518,892.20. This trade represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 363,142 shares of company stock worth $4,958,860 over the last 90 days. Insiders own 2.51% of the company’s stock.

Rivian Automotive Company Profile

(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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Institutional Ownership by Quarter for Rivian Automotive (NASDAQ:RIVN)

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