Key Points
- Rivian CFO Claire McDonough sold 13,144 shares for approximately $190,588 at an average price of $14.50. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, and she retains 827,201 shares.
- Rivian recently exceeded quarterly expectations, reporting a loss of $0.47 per share versus the $0.66 consensus estimate and revenue of $1.66 billion. Revenue increased 27.2% year over year, although the company remains unprofitable.
- Analysts have a consensus “Hold” rating and an average price target of $18.95, while investors face risks including the potential loss of approximately $164 million in regulatory-credit revenue and concerns about Rivian’s driver-assistance technology competitiveness.
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 13,144 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $14.50, for a total transaction of $190,588.00. Following the completion of the transaction, the chief financial officer owned 827,201 shares in the company, valued at $11,994,414.50. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Friday, May 29th, Claire Mcdonough sold 8,023 shares of Rivian Automotive stock. The shares were sold at an average price of $16.00, for a total value of $128,368.00.
Rivian Automotive Stock Performance
Rivian Automotive stock opened at $14.78 on Wednesday. Rivian Automotive, Inc. has a 52 week low of $11.84 and a 52 week high of $22.69. The company has a current ratio of 2.10, a quick ratio of 1.65 and a debt-to-equity ratio of 0.87. The stock has a market cap of $21.40 billion, a P/E ratio of -5.73 and a beta of 1.61. The stock has a 50 day moving average of $16.45 and a 200-day moving average of $15.79.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last released its earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.19. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.52 billion. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The company's revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.97) EPS. On average, analysts expect that Rivian Automotive, Inc. will post -2.98 EPS for the current fiscal year.
Key Rivian Automotive News
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian’s strong second-quarter results included earnings and revenue above analyst expectations, alongside several operational improvements that support the company’s longer-term growth case. 3 Critical Things Investors Overlooked in Rivian's Strong Q2
- Positive Sentiment: An investment analysis argues that Rivian may be a mispriced growth stock, highlighting its long-term potential despite a roughly 22% decline this year. The thesis could attract investors focused on future vehicle launches and scale rather than near-term profitability. 1 Top Growth Stock Down 22% This Year and Built for the Long Haul
- Neutral Sentiment: CFO Claire McDonough sold 13,144 shares worth approximately $190,588 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards. Because the sale was planned and tax-related, it is less indicative of weakening executive confidence; she continues to own 827,201 shares. SEC Form 4 Filing
- Negative Sentiment: Rivian could lose approximately $164 million in regulatory-credit revenue during the second half of the year. Although the company raised its delivery outlook and reported improving margins, the disappearance of these credits may make its underlying financial performance look weaker. Rivian Drops 25% This Year With $164M of Credits Vanishing in the Second Half
- Negative Sentiment: A CNBC comparison reportedly showed Tesla’s supervised Full Self-Driving system outperforming Rivian’s Autonomy+ in a driving test. The result reinforces concerns about Rivian’s competitive position in advanced driver-assistance technology. Tesla Batters Rivian in Self-Driving Test
Institutional Investors Weigh In On Rivian Automotive
Large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Rivian Automotive by 28.0% during the 4th quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker's stock worth $235,000 after acquiring an additional 3,864 shares in the last quarter. AQR Capital Management LLC raised its position in shares of 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 buying an additional 5,590 shares during the last quarter. Empowered Funds LLC increased 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 valued at $679,000 after acquiring an additional 4,998 shares during the period. Focus Partners Wealth raised its holdings in Rivian Automotive by 29.0% in the 1st quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker's stock valued at $803,000 after acquiring an additional 14,497 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Rivian Automotive by 57.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker's stock worth $64,000 after acquiring an additional 1,856 shares during the period. 66.25% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on RIVN shares. Wall Street Zen upgraded Rivian Automotive from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Needham & Company LLC restated a "buy" rating on shares of Rivian Automotive in a research report on Monday, August 10th. Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of Rivian Automotive in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Rivian Automotive from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group lifted their target price on shares of Rivian Automotive from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.95.
Read Our Latest Stock Report on Rivian Automotive
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.
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