Key Points
- Rivian insider Michael John Callahan sold 15,000 shares at an average price of $15, generating $225,000. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.48% to 1,001,776 shares.
- Rivian’s latest quarter exceeded expectations, with revenue of $1.66 billion and an adjusted loss of $0.63 per share versus analyst estimates of $1.52 billion and a $0.66 loss. However, the company remains unprofitable, with a negative net margin of 54.96%.
- Analysts have a consensus “Hold” rating and an average price target of $19, while institutional investors and hedge funds own 66.25% of Rivian’s shares.
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) insider Michael John Callahan sold 15,000 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider owned 1,001,776 shares in the company, valued at approximately $15,026,640. This trade represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael John Callahan also recently made the following trade(s):
- On Friday, September 11th, Michael John Callahan sold 15,000 shares of Rivian Automotive stock. The stock was sold at an average price of $16.29, for a total value of $244,350.00.
Rivian Automotive Stock Performance
Shares of NASDAQ RIVN opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. The stock's fifty day moving average price is $15.73 and its two-hundred day moving average price is $15.87. Rivian Automotive, Inc. has a one year low of $12.39 and a one year high of $22.69. The firm has a market cap of $20.70 billion, a price-to-earnings ratio of -5.54 and a beta of 1.62.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.03. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%.The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the business earned ($0.97) EPS. The company's quarterly revenue was up 27.2% compared to the same quarter last year. On average, equities analysts forecast that Rivian Automotive, Inc. will post -2.96 EPS for the current year.
Hedge Funds Weigh In On Rivian Automotive
A number of institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its position in Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker's stock worth $409,374,000 after acquiring an additional 2,418,717 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Rivian Automotive by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,438,776 shares of the electric vehicle automaker's stock worth $111,896,000 after purchasing an additional 25,382 shares in the last quarter. Hsbc Holdings PLC raised its position in Rivian Automotive by 55.8% in the first quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker's stock valued at $46,625,000 after purchasing an additional 1,109,171 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Rivian Automotive in the second quarter valued at about $49,915,000. Finally, Alpine Global Management LLC boosted its stake in shares of Rivian Automotive by 0.7% during the fourth quarter. Alpine Global Management LLC now owns 2,628,299 shares of the electric vehicle automaker's stock valued at $51,804,000 after purchasing an additional 17,564 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RIVN has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Rivian Automotive from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Wall Street Zen upgraded Rivian Automotive from a "sell" rating to a "hold" rating in a research note on Saturday, September 19th. UBS Group increased their price target on Rivian Automotive from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Piper Sandler upgraded Rivian Automotive from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $18.00 to $20.00 in a research note on Monday, July 27th. Finally, Stifel Nicolaus set a $22.00 price objective on Rivian Automotive in a report on Monday, August 24th. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $19.00.
Get Our Latest Stock Report on Rivian Automotive
Trending Headlines about Rivian Automotive
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian delivered a quarterly record of 19,248 vehicles, up 46% year over year and reportedly above analyst expectations. The performance was supported by the rollout of the lower-priced R2 SUV, strengthening the company’s prospects in the broader mass-market EV segment. Rivian deliveries hit record high as R2 rollout gains momentum
- Positive Sentiment: The company produced 19,751 vehicles in the quarter and reaffirmed its 2026 delivery outlook of 65,000 to 70,000 vehicles, suggesting production and demand remain aligned with management’s expectations. Rivian Releases Q3 2026 Production and Delivery Figures
- Positive Sentiment: Investors purchased 147,831 RIVN call options, 27% above the average call volume, signaling heightened bullish or speculative interest in the stock.
- Neutral Sentiment: Rivian plans to add LiDAR and RAP1 autonomy technology to employee R2 vehicles by late 2026, with customer availability targeted for 2027. The technology could support future growth, but meaningful customer adoption is still several months away. Rivian Pushes R2 LiDAR Autonomy Tech for Customers to 2027
- Negative Sentiment: Although deliveries beat expectations, Rivian did not raise its 2026 forecast. Investors appeared to want stronger forward guidance, making the results vulnerable to a “buy the news, sell the news” reaction. Rivian Crushes Delivery Numbers. Why the Stock Is Down
- Negative Sentiment: Rivian recalled R2 SUVs because improperly tightened high-voltage battery-pack fasteners could cause a loss of power while driving. The recall raises near-term concerns about quality, safety and potential repair costs. Rivian issues R2 recall for poorly tightened battery packs
About Rivian Automotive
(
Get Free Report)
Rivian Automotive, Inc is an electric vehicle manufacturer focused on developing and producing vehicles designed for adventure, utility and commercial use. The company's lineup includes the R1T electric pickup truck and R1S electric SUV, which feature all-electric powertrains, advanced driver-assistance technology and software-enabled vehicle systems.
Rivian also develops electric commercial vehicles, including delivery vans, along with vehicle software, charging solutions and related services.
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].
