Claire Mcdonough Sells 8,023 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 8,023 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the sale, the chief financial officer owned 887,007 shares in the company, valued at $14,192,112. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Claire Mcdonough sold 5,544 shares of Rivian Automotive stock. The stock was sold at an average price of $13.43, for a total transaction of $74,455.92.
• On Wednesday, April 22nd, Claire Mcdonough sold 10,245 shares of Rivian Automotive stock. The stock was sold at an average price of $18.00, for a total transaction of $184,410.00.

Rivian Automotive Stock Performance

NASDAQ RIVN opened at $18.27 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. The company’s fifty day moving average is $15.39 and its two-hundred day moving average is $16.31. Rivian Automotive, Inc. has a 52-week low of $11.57 and a 52-week high of $22.69. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of -6.26 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and lifted their target price for the company from $16.00 to $23.00 in a research report on Friday, February 13th. Stifel Nicolaus lifted their target price on shares of Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Leerink Partners reiterated an “outperform” rating on shares of Rivian Automotive in a research report on Thursday, March 12th. Piper Sandler decreased their target price on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Finally, Wedbush reiterated an “outperform” rating and set a $25.00 target price on shares of Rivian Automotive in a research report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rivian Automotive currently has a consensus rating of “Hold” and an average price target of $18.57.

More Rivian Automotive News

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

• Positive Sentiment: Rivian said its core technology has already been integrated across multiple Volkswagen Group brands, and the CFO suggested that success makes future licensing deals with other automakers easier to pursue, which could create a higher-margin revenue stream. Article Title
• Positive Sentiment: Investor enthusiasm is being fueled by strong early interest in Rivian’s R2 SUV, with reports that demand could be robust ahead of deliveries, reinforcing hopes that the new model can expand volume and improve the company’s growth outlook. Article Title
• Positive Sentiment: TD Cowen reiterated a Buy rating and a $20 price target, signaling continued analyst confidence after the recent rally. Article Title
• Positive Sentiment: Coverage noted that Rivian’s R2 SUV matches Tesla’s efficiency and may beat the Model Y on range, which supports the bullish case that Rivian’s next-generation product can compete more effectively in the mass-market EV segment. Article Title
• Neutral Sentiment: Rivian presented at two investor conferences, which typically keeps the stock in focus but does not by itself indicate a major fundamental change. Article Title
• Neutral Sentiment: Uber’s large investment in Nuro and its robotaxi partnerships highlight growing interest in autonomous vehicles, and Rivian was mentioned as one of Uber’s partners, but the direct financial impact on Rivian is still unclear. Article Title
• Negative Sentiment: Rivian CFO Claire McDonough sold stock in a pre-arranged trading plan, which may slightly temper sentiment even though the sale appears routine and not necessarily a signal of weakening fundamentals. Article Title

Institutional Trading of Rivian Automotive

Several hedge funds have recently modified their holdings of RIVN. Norges Bank acquired a new stake in shares of Rivian Automotive during the fourth quarter worth approximately $220,323,000. Renaissance Technologies LLC increased its holdings in shares of Rivian Automotive by 32.4% during the fourth quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock worth $323,195,000 after buying an additional 4,012,386 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Rivian Automotive by 3.3% during the third quarter. Vanguard Group Inc. now owns 81,673,512 shares of the electric vehicle automaker’s stock worth $1,198,967,000 after buying an additional 2,597,310 shares in the last quarter. Capital International Investors increased its holdings in shares of Rivian Automotive by 13.2% during the fourth quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock worth $409,374,000 after buying an additional 2,418,717 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Rivian Automotive by 496.6% during the second quarter. AQR Capital Management LLC now owns 2,305,236 shares of the electric vehicle automaker’s stock worth $31,490,000 after buying an additional 1,918,852 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

Rivian Automotive Company Profile

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.