Key Points
- CFO Claire Mcdonough sold 8,039 Rivian shares on Dec. 4 at $18.00 for $144,702 and had also sold 21,210 shares on Dec. 2 at $17.14; after the Dec. 4 transaction she owns 730,017 shares, a 1.09% decrease in her stake.
- Rivian stock was trading at $18.23 (up about 1.0%) with a 50-day/200-day SMA of $14.60/$14.01, and analysts hold a consensus "Hold" rating with a $14.34 average price target amid mixed buy/hold/sell coverage.
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 8,039 shares of the firm's stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $18.00, for a total transaction of $144,702.00. Following the completion of the sale, the chief financial officer owned 730,017 shares in the company, valued at $13,140,306. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Claire Mcdonough also recently made the following trade(s):
- On Tuesday, December 2nd, Claire Mcdonough sold 21,210 shares of Rivian Automotive stock. The shares were sold at an average price of $17.14, for a total transaction of $363,539.40.
Rivian Automotive Stock Up 1.0%
RIVN traded up $0.17 during trading on Friday, hitting $18.23. The stock had a trading volume of 6,403,272 shares, compared to its average volume of 38,151,598. The stock has a 50 day simple moving average of $14.60 and a two-hundred day simple moving average of $14.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.23 and a current ratio of 2.71. Rivian Automotive, Inc. has a twelve month low of $10.36 and a twelve month high of $18.49. The company has a market capitalization of $22.35 billion, a PE ratio of -5.91 and a beta of 1.79.
Analyst Ratings Changes
Several brokerages recently issued reports on RIVN. Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of Rivian Automotive in a research report on Monday, August 25th. Stifel Nicolaus boosted their price target on Rivian Automotive from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, November 17th. Canaccord Genuity Group restated a "buy" rating and set a $21.00 price objective on shares of Rivian Automotive in a report on Friday, October 3rd. Wall Street Zen upgraded shares of Rivian Automotive from a "sell" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group dropped their target price on shares of Rivian Automotive from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rivian Automotive has a consensus rating of "Hold" and a consensus price target of $14.34.
View Our Latest Report on RIVN
Institutional Investors Weigh In On Rivian Automotive
A number of large investors have recently bought and sold shares of the company. Assetmark Inc. raised its position in Rivian Automotive by 315.6% during the 2nd quarter. Assetmark Inc. now owns 1,787 shares of the electric vehicle automaker's stock worth $25,000 after buying an additional 1,357 shares during the last quarter. Banque Transatlantique SA boosted its holdings in shares of Rivian Automotive by 13,194.1% in the 1st quarter. Banque Transatlantique SA now owns 2,260 shares of the electric vehicle automaker's stock valued at $26,000 after acquiring an additional 2,243 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker's stock worth $26,000 after acquiring an additional 1,000 shares during the period. Mather Group LLC. acquired a new stake in shares of Rivian Automotive in the third quarter worth $30,000. Finally, Fairman Group LLC purchased a new position in shares of Rivian Automotive during the second quarter worth $31,000. Hedge funds and other institutional investors own 66.25% of the company's stock.
About Rivian Automotive
(
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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