Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 18,501 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.00, for a total transaction of $277,515.00. Following the completion of the transaction, the chief financial officer now owns 351,900 shares of the company's stock, valued at $5,278,500. This trade represents a 4.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Claire Mcdonough also recently made the following trade(s):
- On Tuesday, November 26th, Claire Mcdonough sold 8,097 shares of Rivian Automotive stock. The stock was sold at an average price of $12.20, for a total value of $98,783.40.
- On Monday, November 18th, Claire Mcdonough sold 3,210 shares of Rivian Automotive stock. The stock was sold at an average price of $10.03, for a total value of $32,196.30.
Rivian Automotive Stock Performance
Shares of NASDAQ:RIVN opened at $13.06 on Thursday. The business has a fifty day moving average of $11.32 and a 200-day moving average of $12.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.70 and a current ratio of 5.09. Rivian Automotive, Inc. has a twelve month low of $8.26 and a twelve month high of $24.61. The firm has a market cap of $13.33 billion, a PE ratio of -2.33 and a beta of 2.12.
Institutional Investors Weigh In On Rivian Automotive
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in RIVN. Wilmington Savings Fund Society FSB acquired a new position in Rivian Automotive during the 3rd quarter worth $28,000. GHP Investment Advisors Inc. lifted its stake in shares of Rivian Automotive by 63.2% during the third quarter. GHP Investment Advisors Inc. now owns 2,588 shares of the electric vehicle automaker's stock valued at $29,000 after acquiring an additional 1,002 shares during the period. American Capital Advisory LLC boosted its holdings in Rivian Automotive by 267.6% in the third quarter. American Capital Advisory LLC now owns 2,900 shares of the electric vehicle automaker's stock valued at $33,000 after acquiring an additional 2,111 shares during the last quarter. Hantz Financial Services Inc. increased its position in Rivian Automotive by 2,636.4% in the third quarter. Hantz Financial Services Inc. now owns 3,010 shares of the electric vehicle automaker's stock worth $34,000 after purchasing an additional 2,900 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Rivian Automotive during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 66.25% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on RIVN shares. Needham & Company LLC dropped their target price on shares of Rivian Automotive from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Mizuho dropped their price target on Rivian Automotive from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their price target on shares of Rivian Automotive from $14.00 to $12.00 and set a "sector perform" rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $14.00 price target on shares of Rivian Automotive in a report on Tuesday, September 10th. Finally, Wolfe Research initiated coverage on shares of Rivian Automotive in a research report on Thursday, September 5th. They issued a "peer perform" rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.74.
Read Our Latest Research Report on RIVN
Rivian Automotive Company Profile
(
Get Free Report)
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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