Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough Sells 3,210 Shares

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 3,210 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.03, for a total transaction of $32,196.30. Following the sale, the chief financial officer now directly owns 378,498 shares of the company’s stock, valued at $3,796,334.94. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rivian Automotive Price Performance

Shares of RIVN opened at $10.17 on Wednesday. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $12.43. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of -1.82 and a beta of 2.04. Rivian Automotive, Inc. has a twelve month low of $8.26 and a twelve month high of $24.61.

Institutional Trading of Rivian Automotive

Institutional investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its position in shares of Rivian Automotive by 17.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 589,382 shares of the electric vehicle automaker’s stock worth $6,613,000 after acquiring an additional 86,433 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Rivian Automotive by 46.2% during the 3rd quarter. Toronto Dominion Bank now owns 100,700 shares of the electric vehicle automaker’s stock worth $1,130,000 after buying an additional 31,815 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Rivian Automotive in the 3rd quarter valued at $1,430,000. Coldstream Capital Management Inc. raised its stake in Rivian Automotive by 12.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 54,662 shares of the electric vehicle automaker’s stock worth $615,000 after acquiring an additional 6,201 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Rivian Automotive by 1.8% in the third quarter. Geode Capital Management LLC now owns 13,000,392 shares of the electric vehicle automaker’s stock valued at $145,550,000 after acquiring an additional 223,860 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on RIVN shares. JPMorgan Chase & Co. reduced their target price on shares of Rivian Automotive from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 22nd. Mizuho reduced their price target on shares of Rivian Automotive from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Morgan Stanley lowered Rivian Automotive from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research report on Wednesday, September 25th. Stifel Nicolaus decreased their price target on Rivian Automotive from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Royal Bank of Canada cut their price objective on Rivian Automotive from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.73.

Rivian Automotive Company Profile

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.