Rivian Automotive (NASDAQ:RIVN) CEO Robert Scaringe Sells 17,450 Shares of Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO Robert Scaringe sold 17,450 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total transaction of $272,220.00. Following the completion of the sale, the chief executive officer owned 1,042,848 shares of the company’s stock, valued at approximately $16,268,428.80. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Rivian Automotive Price Performance

Shares of NASDAQ RIVN opened at $16.12 on Friday. The company has a market capitalization of $20.00 billion, a PE ratio of -5.25 and a beta of 1.75. The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average price is $15.78 and its 200-day moving average price is $15.82. Rivian Automotive, Inc. has a twelve month low of $10.36 and a twelve month high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.14. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.Rivian Automotive’s revenue was down 25.8% on a year-over-year basis. During the same period last year, the business posted ($0.70) earnings per share. On average, equities analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. raised its stake in Rivian Automotive by 113.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Core Wealth Advisors LLC bought a new position in Rivian Automotive during the fourth quarter worth about $27,000. Mather Group LLC. bought a new position in Rivian Automotive during the third quarter worth about $30,000. Hemington Wealth Management increased its stake in shares of Rivian Automotive by 291.0% in the third quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker’s stock worth $31,000 after purchasing an additional 1,580 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Rivian Automotive by 894.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after purchasing an additional 1,395 shares in the last quarter. Institutional investors own 66.25% of the company’s stock.

Key Headlines Impacting Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Uber agreed to invest up to $1.25 billion and commit to buying thousands of Rivian R2 robotaxis (initial phase: 10,000, option up to 50,000 through 2031), giving Rivian a large, strategic commercial partner and a clear revenue / volume pathway for autonomy. Read More.
• Positive Sentiment: Market narrative is shifting: analysts and outlets are framing Rivian’s pivot to a lower-priced R2 and software/autonomy focus as a scalable strategy that could expand addressable market and improve long-term margins. This supports bullish sentiment ahead of the R2 rollout. Read More.
• Positive Sentiment: Street support is building—TD Cowen recently upgraded Rivian to Buy and raised its price target, reflecting growing analyst confidence ahead of the R2 launch. Read More.
• Neutral Sentiment: Heavy media coverage and trading volatility followed the Uber news: the stock spiked on the announcement and has since seen profit-taking and choppy intraday moves as traders digest details and timing. Read More.
• Negative Sentiment: Rivian disclosed it is spending heavily on autonomy and no longer expects to meet its 2027 profitability target—raising near-term cash-burn and execution risk while building out self-driving tech. Read More.
• Negative Sentiment: Insider selling: CEO RJ Scaringe sold 17,450 shares last week (filed with the SEC). While not large relative to his holding, insiders selling can spook short-term momentum traders. Read More.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America initiated coverage on Rivian Automotive in a research note on Wednesday, March 4th. They set an “underperform” rating and a $14.00 target price on the stock. Leerink Partners restated an “outperform” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Wall Street Zen lowered shares of Rivian Automotive from a “hold” rating to a “strong sell” rating in a research report on Sunday, February 15th. Stifel Nicolaus boosted their target price on shares of Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rivian Automotive in a research report on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

About Rivian Automotive

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.