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

Rivian Automotive, Inc. (NASDAQ:RIVNGet Free Report) CFO Claire Mcdonough sold 5,544 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $13.43, for a total transaction of $74,455.92. Following the sale, the chief financial officer owned 902,630 shares of the company’s stock, valued at approximately $12,122,320.90. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Price Performance

NASDAQ RIVN opened at $12.90 on Wednesday. Rivian Automotive, Inc. has a 12-month low of $11.57 and a 12-month high of $22.69. The stock has a market capitalization of $16.01 billion, a PE ratio of -4.42 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 2.10 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $16.28.

Institutional Investors Weigh In On Rivian Automotive

Institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. boosted its stake in Rivian Automotive by 113.6% during the second 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 in the last quarter. Core Wealth Advisors LLC acquired a new stake in Rivian Automotive during the fourth quarter worth $27,000. SOA Wealth Advisors LLC. boosted its stake in Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rivian Automotive during the third quarter worth $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Rivian Automotive during the fourth quarter worth $33,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

Trending Headlines about Rivian Automotive

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RIVN. Weiss Ratings lowered shares of Rivian Automotive from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Stifel Nicolaus boosted their target price on shares of Rivian Automotive from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Piper Sandler dropped their target price on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of Rivian Automotive from a “hold” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $23.00 in a research report on Friday, February 13th. Finally, Leerink Partners reaffirmed an “outperform” rating on shares of Rivian Automotive in a research report on Thursday, March 12th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.57.

View Our Latest Stock Report on Rivian Automotive

About Rivian Automotive

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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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