Robert Scaringe Sells 17,450 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

March 20, 2026 by InsiderTrades.com

Key Points

CEO Robert "RJ" Scaringe sold 17,450 shares on March 17 at an average price of $15.60 for about $272,220, trimming his stake by 1.65% to 1,042,848 shares.
Uber agreed to invest up to $1.25 billion and commit to buying thousands of Rivian R2 robotaxis (initial 10,000, option up to 50,000 through 2031), giving Rivian a major strategic partner and a clear commercial pathway for its autonomy push.
Rivian beat quarterly EPS expectations (loss of $0.54 vs. -$0.68) and reported $1.29B in revenue, but revenue fell 25.8% year-over-year and the company remains unprofitable with negative margins; analysts hold a consensus "Hold" rating with an average price target of $18.

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CEO Robert Scaringe sold 17,450 shares of Rivian Automotive stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total transaction of $272,220.00. Following the completion of the transaction, the chief executive officer owned 1,042,848 shares of the company's stock, valued at $16,268,428.80. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Rivian Automotive Trading Up 3.8%

Rivian’s Making a Big Pivot, and the Results Could Be Huge

NASDAQ:RIVN opened at $16.12 on Friday. The company has a market cap of $20.00 billion, a P/E ratio of -5.25 and a beta of 1.75. The stock's fifty day moving average price is $15.78 and its two-hundred day moving average price is $15.82. Rivian Automotive, Inc. has a 1 year low of $10.36 and a 1 year high of $22.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.14. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the business earned ($0.70) earnings per share. The firm's quarterly revenue was down 25.8% compared to the same quarter last year. As a group, analysts expect that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Hedge Funds Weigh In On Rivian Automotive

Rivian Is About to Challenge Tesla Where It Hurts Most

Hedge funds and other institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in Rivian Automotive by 113.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker's stock worth $26,000 after buying an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC purchased a new position in shares of Rivian Automotive during the fourth quarter worth approximately $27,000. Mather Group LLC. purchased a new position in shares of Rivian Automotive during the third quarter worth approximately $30,000. Hemington Wealth Management lifted its holdings in shares of Rivian Automotive by 291.0% in the 3rd quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker's stock worth $31,000 after acquiring an additional 1,580 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of Rivian Automotive by 894.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker's stock valued at $31,000 after purchasing an additional 1,395 shares in the last quarter. 66.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RIVN. UBS Group upgraded Rivian Automotive from a "sell" rating to a "neutral" rating and upped their price target for the company from $15.00 to $16.00 in a research report on Friday, February 13th. Needham & Company LLC boosted their price objective on shares of Rivian Automotive from $14.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, December 12th. Leerink Partners reaffirmed an "outperform" rating on shares of Rivian Automotive in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a "hold" rating to a "buy" rating and increased their target price for the stock from $16.00 to $23.00 in a research note on Friday, February 13th. Finally, Piper Sandler reduced their price target on shares of Rivian Automotive from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.00.

3 Under-the-Radar Earnings Surprises Could Signal a New Trend

View Our Latest Stock Analysis on Rivian Automotive

Key Stories Impacting Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

Positive Sentiment: Uber agreed to invest up to $1.25 billion and commit to buying thousands of Rivian R2 robotaxis (initial phase: 10,000, option up to 50,000 through 2031), giving Rivian a large, strategic commercial partner and a clear revenue / volume pathway for autonomy. Read More.
Positive Sentiment: Market narrative is shifting: analysts and outlets are framing Rivian’s pivot to a lower-priced R2 and software/autonomy focus as a scalable strategy that could expand addressable market and improve long-term margins. This supports bullish sentiment ahead of the R2 rollout. Read More.
Positive Sentiment: Street support is building—TD Cowen recently upgraded Rivian to Buy and raised its price target, reflecting growing analyst confidence ahead of the R2 launch. Read More.
Neutral Sentiment: Heavy media coverage and trading volatility followed the Uber news: the stock spiked on the announcement and has since seen profit-taking and choppy intraday moves as traders digest details and timing. Read More.
Negative Sentiment: Rivian disclosed it is spending heavily on autonomy and no longer expects to meet its 2027 profitability target—raising near-term cash-burn and execution risk while building out self-driving tech. Read More.
Negative Sentiment: Insider selling: CEO RJ Scaringe sold 17,450 shares last week (filed with the SEC). While not large relative to his holding, insiders selling can spook short-term momentum traders. Read More.

Rivian Automotive Company Profile

(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.