Clare Market Investments LLC purchased a new position in Rivian Automotive, Inc. (NASDAQ:RIVN – Free Report) during the first quarter, HoldingsChannel.com reports. The fund purchased 60,850 shares of the electric vehicle automaker’s stock, valued at approximately $916,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. lifted its holdings in Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in Rivian Automotive in the fourth quarter worth $27,000. SOA Wealth Advisors LLC. lifted its stake in Rivian Automotive by 894.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after buying an additional 1,395 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Rivian Automotive during the third quarter valued at $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Rivian Automotive in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 66.25% of the company’s stock.
Key Rivian Automotive News
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian has been outperforming peers this month, supported by strong vehicle deliveries and improved momentum around its R2 platform, which helped push shares to their highest level since January. Rivian stock has flagged an inverted H&S pattern: will the rally continue?
- Positive Sentiment: JPMorgan raised its price target after Rivian’s stronger-than-expected Q2 deliveries and higher delivery outlook, reinforcing investor optimism about execution. Rivian stock jumps as JPMorgan raises target after strong q2 deliveries
- Positive Sentiment: Rivian reported Q2 revenue guidance above Wall Street estimates, a sign that near-term business performance is tracking better than expected. Rivian forecasts quarterly revenue above estimates
- Positive Sentiment: The company raised its 2026 delivery outlook after beating second-quarter delivery guidance, which supports the case for improving demand and production trends. Rivian Stock in Focus on Q2 Delivery Beat, Raises Full-Year Outlook to 70,000 Vehicles
- Neutral Sentiment: Broader market weakness and lower pre-market futures added to volatility in EV names, but this was not specific to Rivian’s fundamentals. Rivian, Micron And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
- Negative Sentiment: Rivian announced a public offering of 75 million shares, which investors view as dilution and a sign the company is raising capital; that news sent the stock lower in after-hours trading. Rivian Shares Drop On News Of 75 Million Share Public Offering
- Negative Sentiment: The company said all shares in the offering will be sold by Rivian, underscoring its need for cash even after recent operating improvements. Rivian Automotive, Inc. Announces Commencement of Underwritten Public Offering of Common Stock
- Negative Sentiment: Several reports noted the stock was reversing sharply after a strong run, with investors worried the offering could wipe out recent gains. Why Rivian Stock Is Reversing Sharply After a Run of Gains
Rivian Automotive Trading Down 11.1%
Analysts Set New Price Targets
A number of research firms have recently weighed in on RIVN. Weiss Ratings cut Rivian Automotive from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 18th. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of Rivian Automotive in a research report on Friday, May 1st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Rivian Automotive in a research note on Monday, April 6th. Leerink Partners restated an “outperform” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Finally, Tigress Financial reissued a “buy” rating and issued a $25.00 price objective on shares of Rivian Automotive in a research note on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.57.
Check Out Our Latest Stock Analysis on RIVN
Insider Activity
In other news, CEO Robert J. Scaringe sold 34,818 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $522,270.00. Following the completion of the sale, the chief executive officer owned 922,286 shares in the company, valued at $13,834,290. The trade was a 3.64% decrease in their ownership of the stock. The transaction 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. Also, CFO Claire Mcdonough sold 10,245 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $18.00, for a total transaction of $184,410.00. Following the transaction, the chief financial officer owned 946,814 shares in the company, valued at approximately $17,042,652. The trade was a 1.07% 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 quarter, insiders have sold 80,076 shares of company stock worth $1,256,286. 1.48% of the stock is owned by corporate insiders.
Rivian Automotive Company Profile
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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