Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) 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
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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.
View Our Latest Research Report on RIVN
Rivian Automotive Company Profile
(
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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.
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