Rivian Automotive (NASDAQ:RIVN) CEO Robert Scaringe Sells 21,446 Shares of Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO Robert Scaringe sold 21,446 shares of Rivian Automotive stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $16.17, for a total transaction of $346,781.82. Following the sale, the chief executive officer directly owned 1,001,138 shares in the company, valued at approximately $16,188,401.46. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rivian Automotive Stock Performance

NASDAQ:RIVN opened at $16.89 on Friday. The company’s 50-day moving average price is $15.49 and its 200-day moving average price is $15.97. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97. The company has a market cap of $20.96 billion, a P/E ratio of -5.50 and a beta of 1.69. Rivian Automotive, Inc. has a twelve month low of $10.85 and a twelve month high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.14. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company earned ($0.70) EPS. Rivian Automotive’s revenue was down 25.8% compared to the same quarter last year. On average, sell-side analysts forecast that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.

Rivian Automotive News Roundup

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

• Positive Sentiment: Rivian announced a partnership with Redwood Materials to deploy a roughly 10 MWh battery energy storage system at its Normal, IL factory using 100+ second‑life Rivian packs — a move that can cut plant energy costs, improve grid resilience, and create a reuse channel for retired batteries, strengthening margins and sustainability positioning. Rivian (RIVN) Partners with Redwood on Battery Storage Project
• Neutral Sentiment: CEO Robert Scaringe sold 21,446 shares under a pre-arranged Rule 10b5‑1 plan (avg. $16.17). Insider sales can worry some investors, but the transaction was planned and leaves the CEO with ~1.0M shares, signaling no immediate governance alarm. SEC Form 4
• Neutral Sentiment: Coverage notes emerging competition (Kia planning U.S. trucks later this decade). While new entrants raise long‑term market-share questions, analysts and commentators largely view near-term impact as limited given Rivian’s niche brand, production focus, and existing commercial van contracts. Should Rivian Worry About Its Brand New Competitor?
• Neutral Sentiment: Commentary around partnerships (including Volkswagen mentions) and recent share gains has driven trading interest and re‑rating debates; these narratives can boost momentum but leave valuation/earnings execution as the ultimate drivers. Is It Time To Reassess Rivian After Recent Volkswagen Partnership News?

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RIVN shares. Canaccord Genuity Group reissued a “buy” rating and set a $22.00 price objective on shares of Rivian Automotive in a research note on Monday, April 6th. Wall Street Zen cut shares of Rivian Automotive from a “hold” rating to a “strong sell” rating in a research report on Sunday, February 15th. Stifel Nicolaus upped their price objective on shares of Rivian Automotive from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on shares of Rivian Automotive from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Bank of America began coverage on shares of Rivian Automotive in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price target for the company. Eleven 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.05.

Institutional Trading of Rivian Automotive

A number of large investors have recently modified their holdings of RIVN. Illinois Municipal Retirement Fund raised its stake in shares of Rivian Automotive by 1.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock valued at $853,000 after acquiring an additional 686 shares in the last quarter. Merit Financial Group LLC grew its stake 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 purchasing an additional 718 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings 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 purchasing an additional 739 shares during the period. Utah Retirement Systems raised its position in Rivian Automotive by 0.6% in the 4th quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock valued at $2,533,000 after purchasing an additional 744 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its position in Rivian Automotive by 5.7% in the 4th quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker’s stock valued at $277,000 after purchasing an additional 753 shares in the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

About Rivian Automotive

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.