Rivian Automotive (NASDAQ:RIVN) CFO Claire Mcdonough Sells 13,144 Shares

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 13,144 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total transaction of $190,588.00. Following the sale, the chief financial officer owned 827,201 shares of the company’s stock, valued at approximately $11,994,414.50. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 29th, Claire Mcdonough sold 8,023 shares of Rivian Automotive stock. The stock was sold at an average price of $16.00, for a total value of $128,368.00.

Rivian Automotive Stock Performance

Shares of RIVN opened at $14.78 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. Rivian Automotive, Inc. has a one year low of $11.84 and a one year high of $22.69. The firm has a market capitalization of $21.40 billion, a P/E ratio of -5.73 and a beta of 1.61. The business has a fifty day moving average of $16.45 and a 200 day moving average of $15.79.

Rivian Automotive (NASDAQ:RIVN) last posted its earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.19. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.52 billion. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%.Rivian Automotive’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.97) earnings per share. As a group, sell-side analysts anticipate that Rivian Automotive, Inc. will post -2.98 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on shares of Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. DA Davidson raised their target price on Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Morgan Stanley boosted their price target on Rivian Automotive from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rivian Automotive currently has an average rating of “Hold” and an average target price of $18.95.

Institutional Investors Weigh In On Rivian Automotive

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Rivian Automotive by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 16,056 shares of the electric vehicle automaker’s stock worth $242,000 after buying an additional 613 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Rivian Automotive by 1.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock worth $853,000 after acquiring an additional 686 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Rivian Automotive by 3.2% in the 4th quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock worth $456,000 after purchasing an additional 718 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Rivian Automotive by 36.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock valued at $54,000 after purchasing an additional 739 shares in the last quarter. Finally, Utah Retirement Systems grew its holdings in shares of Rivian Automotive by 0.6% during the 4th quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock worth $2,533,000 after purchasing an additional 744 shares during the period. 66.25% of the stock is owned by institutional investors.

Key Headlines Impacting Rivian Automotive

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

• Positive Sentiment: Rivian’s strong second-quarter results included earnings and revenue above analyst expectations, alongside several operational improvements that support the company’s longer-term growth case. 3 Critical Things Investors Overlooked in Rivian’s Strong Q2
• Positive Sentiment: An investment analysis argues that Rivian may be a mispriced growth stock, highlighting its long-term potential despite a roughly 22% decline this year. The thesis could attract investors focused on future vehicle launches and scale rather than near-term profitability. 1 Top Growth Stock Down 22% This Year and Built for the Long Haul
• Neutral Sentiment: CFO Claire McDonough sold 13,144 shares worth approximately $190,588 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. Because the sale was planned and tax-related, it is less indicative of weakening executive confidence; she continues to own 827,201 shares. SEC Form 4 Filing
• Negative Sentiment: Rivian could lose approximately $164 million in regulatory-credit revenue during the second half of the year. Although the company raised its delivery outlook and reported improving margins, the disappearance of these credits may make its underlying financial performance look weaker. Rivian Drops 25% This Year With $164M of Credits Vanishing in the Second Half
• Negative Sentiment: A CNBC comparison reportedly showed Tesla’s supervised Full Self-Driving system outperforming Rivian’s Autonomy+ in a driving test. The result reinforces concerns about Rivian’s competitive position in advanced driver-assistance technology. Tesla Batters Rivian in Self-Driving Test

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.