Claire Mcdonough Sells 5,544 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

Key Points

  • Rivian CFO Claire Mcdonough sold 5,544 shares on May 18 at an average price of $13.43, totaling about $74,456. The sale was made under a pre-arranged 10b5-1 plan to cover tax withholding tied to equity vesting.
  • Rivian shares were down 3.4% and opened at $12.90, near the lower end of their 52-week range of $11.57 to $22.69. The stock also remains well below its 50-day and 200-day moving averages.
  • Wall Street remains mixed on Rivian, with a consensus rating of “Hold” and an average price target of $18.57. Analyst opinions vary, with some firms maintaining buy or outperform ratings while others remain cautious.

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 5,544 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $13.43, for a total transaction of $74,455.92. Following the completion of the sale, the chief financial officer owned 902,630 shares in the company, valued at $12,122,320.90. This represents a 0.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Claire Mcdonough also recently made the following trade(s):

  • On Wednesday, April 22nd, Claire Mcdonough sold 10,245 shares of Rivian Automotive stock. The shares were sold at an average price of $18.00, for a total transaction of $184,410.00.
  • On Wednesday, February 18th, Claire Mcdonough sold 27,133 shares of Rivian Automotive stock. The shares were sold at an average price of $16.80, for a total transaction of $455,834.40.

Rivian Automotive Stock Down 3.4%




Shares of NASDAQ:RIVN opened at $12.90 on Wednesday. Rivian Automotive, Inc. has a 52 week low of $11.57 and a 52 week high of $22.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10. The company's fifty day moving average is $15.46 and its 200-day moving average is $16.28. The company has a market capitalization of $16.01 billion, a PE ratio of -4.42 and a beta of 1.64.

Wall Street Analysts Forecast Growth

RIVN has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $23.00 target price on shares of Rivian Automotive in a research note on Friday, May 1st. UBS Group upgraded shares of Rivian Automotive from a "sell" rating to a "neutral" rating and boosted their target price for the company from $15.00 to $16.00 in a research note on Friday, February 13th. Weiss Ratings downgraded shares of Rivian Automotive from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, May 4th. Wedbush restated an "outperform" rating and issued a $25.00 target price on shares of Rivian Automotive in a research note on Friday, February 13th. Finally, BNP Paribas Exane restated an "outperform" rating and issued a $22.00 target price (down from $23.00) on shares of Rivian Automotive in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Rivian Automotive presently has an average rating of "Hold" and a consensus price target of $18.57.

Get Our Latest Report on Rivian Automotive

Key Stories Impacting Rivian Automotive

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its position in Rivian Automotive by 1.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker's stock worth $853,000 after buying an additional 686 shares in the last quarter. Merit Financial Group LLC lifted its position in Rivian Automotive by 3.2% during the 4th quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker's stock worth $456,000 after buying an additional 718 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Rivian Automotive by 36.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker's stock worth $54,000 after buying an additional 739 shares in the last quarter. Utah Retirement Systems lifted its position in Rivian Automotive by 0.6% during the 4th quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker's stock worth $2,533,000 after buying an additional 744 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its position in Rivian Automotive by 5.7% during the 4th quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker's stock worth $277,000 after buying an additional 753 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company's stock.

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.

Featured Stories

Insider Buying and Selling by Quarter for Rivian Automotive (NASDAQ:RIVN)

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].

Insider Buying or Selling at Rivian Automotive?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Rivian Automotive and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles