Rivian Automotive (NASDAQ:RIVN) Shares Down 3.4% After Insider Selling

Rivian Automotive, Inc. (NASDAQ:RIVN)’s stock price fell 3.4% on Tuesday after an insider sold shares in the company. The company traded as low as $12.65 and last traded at $12.90. 40,653,607 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 29,353,195 shares. The stock had previously closed at $13.35.

Specifically, CFO Claire Mcdonough sold 5,544 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $13.43, for a total transaction of $74,455.92. Following the completion of the transaction, the chief financial officer owned 902,630 shares in the company, valued at approximately $12,122,320.90. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RIVN shares. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of Rivian Automotive in a research note on Tuesday, March 3rd. BNP Paribas Exane reiterated an “outperform” rating and issued a $22.00 price target (down from $23.00) on shares of Rivian Automotive in a research note on Friday, May 1st. Bank of America started coverage on shares of Rivian Automotive in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price target for the company. Leerink Partners reiterated an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $22.00 target price on shares of Rivian Automotive in a research note on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.57.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: Investors are encouraged by Rivian’s push toward the lower-priced R2 SUV, which could broaden its customer base and support future delivery growth. The Bull Case For Rivian Automotive (RIVN) Could Change Following R2 Shift And Mind Robotics Stakes
• Positive Sentiment: Rivian’s roughly 38% stake in Mind Robotics was highlighted as a meaningful technology asset that could improve long-term financial flexibility and valuation. The Bull Case For Rivian Automotive (RIVN) Could Change Following R2 Shift And Mind Robotics Stakes
• Positive Sentiment: Call-option buying jumped sharply, suggesting traders are positioning for more upside in the stock.
• Positive Sentiment: Some analysts and commentators remain constructive on Rivian’s 2026 outlook, citing the R2 launch, VW and Uber partnerships, and software/autonomy revenue as margin drivers. Here’s Why You Should Retain Rivian Stock in Your Portfolio Now

Rivian Automotive Trading Up 3.1%

The business’s 50 day moving average price is $15.37 and its 200-day moving average price is $16.29. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. The company has a market cap of $17.56 billion, a price-to-earnings ratio of -4.85 and a beta of 1.64.

Hedge Funds Weigh In On Rivian Automotive

Hedge funds have recently bought and sold shares of the business. Core Wealth Advisors LLC acquired a new stake in shares of Rivian Automotive in the 4th quarter valued at approximately $27,000. SOA Wealth Advisors LLC. boosted its stake in shares of Rivian Automotive by 894.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,395 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Rivian Automotive in the 4th quarter valued at approximately $33,000. Glass Jacobson Investment Advisors llc boosted its stake in shares of Rivian Automotive by 96.3% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after purchasing an additional 852 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of 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 purchasing an additional 1,000 shares in the last quarter. 66.25% of the stock is owned by institutional investors.

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.