Rivian Automotive (NASDAQ:RIVN) CEO Sells $272,220.00 in Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO Robert Scaringe sold 17,450 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total value of $272,220.00. Following the completion of the transaction, the chief executive officer directly owned 1,042,848 shares of the company’s stock, valued at approximately $16,268,428.80. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rivian Automotive Stock Performance

Shares of RIVN traded up $0.59 on Thursday, reaching $16.12. 78,477,145 shares of the company’s stock traded hands, compared to its average volume of 31,281,332. The stock’s 50 day simple moving average is $15.86 and its two-hundred day simple moving average is $15.82. The stock has a market cap of $20.00 billion, a PE ratio of -5.25 and a beta of 1.75. Rivian Automotive, Inc. has a 52-week low of $10.36 and a 52-week high of $22.69. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.02. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company earned ($0.70) EPS. The business’s revenue for the quarter was down 25.8% on a year-over-year basis. On average, analysts forecast that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rivian Automotive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Rivian Automotive by 3.3% in 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 purchasing an additional 2,597,310 shares in the last quarter. Capital International Investors lifted its stake in shares of Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock valued at $409,374,000 after buying an additional 2,418,717 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Rivian Automotive by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock valued at $323,195,000 after buying an additional 4,012,386 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Rivian Automotive by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 14,782,865 shares of the electric vehicle automaker’s stock worth $290,568,000 after buying an additional 59,503 shares during the period. Finally, Norges Bank purchased a new position in Rivian Automotive in the 4th quarter valued at approximately $220,323,000. Institutional investors own 66.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on RIVN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Rivian Automotive in a report on Thursday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $25.00 target price on shares of Rivian Automotive in a research note on Friday, February 13th. Wells Fargo & Company increased their target price on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Bank of America initiated coverage on shares of Rivian Automotive in a research note on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price target for the company. Finally, Piper Sandler lowered their price target on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

Rivian Automotive News Summary

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

• Positive Sentiment: Uber agreed to invest up to $1.25 billion in Rivian and to purchase/operate thousands of R2 robotaxis (initial phase targets 10,000 vehicles; program could scale to as many as 50,000 through 2031). The deal includes an expected initial investment (~$300M) and rollout plans beginning in 2028, which gives Rivian a large potential recurring revenue partner and credibility in autonomy. Uber and Rivian Partner to Deploy up to 50,000 Fully Autonomous Robotaxis
• Positive Sentiment: Market reaction: shares jumped in premarket and early trading on the partnership and R2 details, reflecting investor enthusiasm that the R2 product plus Uber distribution could materially expand Rivian’s addressable market and long‑term monetization. Rivian Jumps as Uber Commits $1.25B to Robotaxis
• Positive Sentiment: Analyst and narrative tailwinds: upgrades and coverage ahead of the R2 launch (e.g., Cowen upgrade and MarketBeat coverage) have pushed a more bullish view that Rivian’s pivot to a mass‑market R2 and software/autonomy strategy could unlock scale and higher margins over time. Rivian’s Making a Big Pivot, and the Results Could Be Huge
• Neutral Sentiment: Deal mechanics and timing still matter: the investment is staged through 2031 and subject to regulatory approvals; initial deployments are multi‑year, so near‑term revenue impact will be limited while scale builds. Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
• Negative Sentiment: Near‑term profitability sacrifice: Rivian said it no longer expects to meet a previously guided 2027 profit target because it’s ramping autonomy investment, which raises near‑term cash burn and margin pressure despite the strategic upside. Rivian sacrifices 2027 profit goal to push deeper into autonomy
• Negative Sentiment: Execution and scale risk remain material: moving into mass‑market R2 production and delivering autonomous robotaxis at scale will be capital‑intensive and operationally complex; failures or delays would hurt the stock’s re‑rating. Rivian’s Making a Big Pivot, and the Results Could Be Huge

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.