Claire Mcdonough Sells 8,039 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CFO Claire Mcdonough sold 8,039 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $18.00, for a total transaction of $144,702.00. Following the completion of the transaction, the chief financial officer directly owned 730,017 shares of the company’s stock, valued at $13,140,306. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Claire Mcdonough also recently made the following trade(s):

• On Tuesday, December 2nd, Claire Mcdonough sold 21,210 shares of Rivian Automotive stock. The shares were sold at an average price of $17.14, for a total value of $363,539.40.

Rivian Automotive Price Performance

Shares of RIVN stock traded up $0.53 during trading hours on Thursday, hitting $18.06. The company had a trading volume of 38,907,862 shares, compared to its average volume of 38,304,238. Rivian Automotive, Inc. has a 12 month low of $10.36 and a 12 month high of $18.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.23 and a current ratio of 2.71. The firm’s fifty day moving average is $14.56 and its 200 day moving average is $13.98. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of -5.81 and a beta of 1.79.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Cfra Research upgraded Rivian Automotive to a “moderate sell” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Rivian Automotive from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Tigress Financial increased their target price on shares of Rivian Automotive from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of Rivian Automotive from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, October 20th. Finally, Wedbush decreased their price objective on shares of Rivian Automotive from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.34.

Institutional Investors Weigh In On Rivian Automotive

Institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its stake in shares of Rivian Automotive by 179.5% during the third quarter. Allworth Financial LP now owns 30,262 shares of the electric vehicle automaker’s stock worth $444,000 after buying an additional 19,434 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in Rivian Automotive by 27.1% in the third quarter. Swiss Life Asset Management Ltd now owns 134,991 shares of the electric vehicle automaker’s stock valued at $1,982,000 after acquiring an additional 28,759 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Rivian Automotive by 47.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 22,018 shares of the electric vehicle automaker’s stock worth $323,000 after acquiring an additional 7,115 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Rivian Automotive during the 3rd quarter valued at $110,000. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Rivian Automotive by 128.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 123,865 shares of the electric vehicle automaker’s stock valued at $1,818,000 after purchasing an additional 69,754 shares during the period. Institutional investors and hedge funds own 66.25% of the company’s stock.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.