Key Points
- CEO Robert Scaringe sold 17,450 shares on March 3 at an average price of $15 for $261,750, lowering his stake by 1.67% to 1,027,281 shares; the transaction was disclosed in an SEC Form 4 filing.
- Rivian reported Q4 EPS of -$0.66 (beat est.) on $1.29 billion in revenue (down 25.8% YoY) and the stock trades near $15.30 with a market cap around $19 billion amid negative margins.
- Analysts are mixed—the consensus is a "Hold" with an average target of $17.86—and company catalysts include the planned R2 launch and an EnergyHub managed‑charging deal, though a Bank of America Underperform call and insider selling are potential near‑term headwinds.
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) Director Jay Flatley purchased 490 shares of the firm's stock in a transaction on Thursday, July 6th. The shares were acquired at an average price of $20.67 per share, with a total value of $10,128.30. Following the completion of the acquisition, the director owned 161,310 shares in the company, valued at approximately $3,334,277.70. This trade represents a 0.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Rivian Automotive Trading Up 1.2%
RIVN stock traded up $0.18 during mid-day trading on Friday, reaching $15.37. The company's stock had a trading volume of 14,331,359 shares, compared to its average volume of 30,400,338. The company has a market cap of $19.07 billion, a price-to-earnings ratio of -5.01 and a beta of 1.75. Rivian Automotive, Inc. has a 12 month low of $10.36 and a 12 month high of $22.69. The business's 50 day moving average price is $16.62 and its 200 day moving average price is $15.62. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last released its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.66) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.68) by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. Rivian Automotive's quarterly revenue was down 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.70) EPS. On average, equities research analysts predict that Rivian Automotive, Inc. will post -3.2 EPS for the current year.
Key Headlines Impacting Rivian Automotive
Here are the key news stories impacting Rivian Automotive this week:
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. TD Cowen boosted their price objective on Rivian Automotive from $13.00 to $17.00 and gave the company a "hold" rating in a report on Friday, February 13th. Canaccord Genuity Group reissued a "buy" rating on shares of Rivian Automotive in a research report on Monday, December 15th. Wedbush restated an "outperform" rating and set a $25.00 price objective on shares of Rivian Automotive in a report on Friday, February 13th. Morgan Stanley reiterated an "underweight" rating and set a $12.00 price objective on shares of Rivian Automotive in a report on Monday, December 8th. Finally, Wall Street Zen lowered Rivian Automotive from a "hold" rating to a "strong sell" rating in a research report on Sunday, February 15th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.86.
Get Our Latest Stock Report on RIVN
Hedge Funds Weigh In On Rivian Automotive
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Rivian Automotive by 28.0% in the 4th quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker's stock worth $235,000 after buying an additional 3,864 shares during the last quarter. AQR Capital Management LLC raised its position in Rivian Automotive by 1.5% during the first quarter. AQR Capital Management LLC now owns 386,384 shares of the electric vehicle automaker's stock valued at $4,733,000 after purchasing an additional 5,590 shares in the last quarter. Empowered Funds LLC lifted its stake in Rivian Automotive by 10.1% during the first quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker's stock worth $679,000 after purchasing an additional 4,998 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Rivian Automotive by 29.0% in the 1st quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker's stock worth $803,000 after purchasing an additional 14,497 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Rivian Automotive by 57.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker's stock valued at $64,000 after purchasing an additional 1,856 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company's stock.
About Rivian Automotive
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
