BI Asset Management Fondsmaeglerselskab A S Sells 263,207 Shares of Rivian Automotive, Inc. $RIVN

Posted by George Bondi on Jun 25th, 2026

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Free Report) by 82.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,794 shares of the electric vehicle automaker’s stock after selling 263,207 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rivian Automotive were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Newbridge Financial Services Group Inc. boosted its holdings in shares of Rivian Automotive by 113.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Rivian Automotive during the fourth quarter valued at approximately $27,000. SOA Wealth Advisors LLC. lifted its position 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 valued at $31,000 after purchasing an additional 1,395 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Rivian Automotive in the third quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Rivian Automotive in the fourth quarter worth approximately $33,000. Institutional investors own 66.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RIVN shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Rivian Automotive in a research report on Tuesday, March 3rd. Leerink Partners reaffirmed an “outperform” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Rivian Automotive in a research report on Monday, June 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $22.00 target price on shares of Rivian Automotive in a report on Monday, April 6th. Finally, DA Davidson raised their target price on Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Rivian Automotive presently has an average rating of “Hold” and an average price target of $18.57.

Read Our Latest Report on Rivian Automotive

Rivian Automotive Stock Down 1.8%

Shares of RIVN opened at $14.62 on Thursday. The business’s 50 day moving average is $15.63 and its 200 day moving average is $16.32. The company has a market capitalization of $18.14 billion, a PE ratio of -5.01 and a beta of 1.62. Rivian Automotive, Inc. has a 12-month low of $11.57 and a 12-month high of $22.69. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00.

Insiders Place Their Bets

In related news, CFO Claire Mcdonough sold 10,245 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $18.00, for a total transaction of $184,410.00. Following the completion of the transaction, the chief financial officer owned 946,814 shares in the company, valued at approximately $17,042,652. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Also, CEO Robert J. Scaringe sold 34,818 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $522,270.00. Following the transaction, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at $13,834,290. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 100,340 shares of company stock valued at $1,560,246. 1.48% of the stock is owned by company insiders.

About Rivian Automotive

(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.