Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) CEO Robert J. Scaringe sold 83,333 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.64, for a total transaction of $969,996.12. Following the completion of the transaction, the chief executive officer now directly owns 886,526 shares in the company, valued at $10,319,162.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Rivian Automotive Stock Up 1.3 %
Shares of RIVN opened at $11.17 on Friday. The stock’s 50-day moving average price is $14.01 and its two-hundred day moving average price is $12.32. Rivian Automotive, Inc. has a 12 month low of $8.26 and a 12 month high of $24.87. The company has a market capitalization of $11.12 billion, a PE ratio of -1.94 and a beta of 2.06. The company has a current ratio of 5.25, a quick ratio of 4.01 and a debt-to-equity ratio of 0.81.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The electric vehicle automaker reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.25) by ($0.14). Rivian Automotive had a negative return on equity of 65.40% and a negative net margin of 115.50%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, analysts anticipate that Rivian Automotive, Inc. will post -4.8 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Rivian Automotive
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RIVN. Price T Rowe Associates Inc. MD boosted its position in Rivian Automotive by 35.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 97,071,739 shares of the electric vehicle automaker’s stock valued at $2,277,304,000 after acquiring an additional 25,550,489 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Rivian Automotive by 714.3% in the 1st quarter. Baillie Gifford & Co. now owns 25,301,005 shares of the electric vehicle automaker’s stock valued at $277,046,000 after purchasing an additional 22,194,018 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Rivian Automotive by 1,521.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,327,941 shares of the electric vehicle automaker’s stock valued at $69,291,000 after purchasing an additional 5,937,605 shares in the last quarter. Vanguard Group Inc. increased its holdings in Rivian Automotive by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 68,313,245 shares of the electric vehicle automaker’s stock worth $1,602,629,000 after purchasing an additional 4,467,881 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Rivian Automotive by 153.2% in the second quarter. Renaissance Technologies LLC now owns 5,430,500 shares of the electric vehicle automaker’s stock valued at $72,877,000 after buying an additional 3,285,867 shares during the period. Institutional investors and hedge funds own 66.25% of the company’s stock.
Rivian Automotive Company Profile
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.
Read More
- Five stocks we like better than Rivian Automotive
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- EV Stocks and How to Profit from Them
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- Investing in Travel Stocks Benefits
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
Receive News & Ratings for Rivian Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivian Automotive and related companies with MarketBeat.com's FREE daily email newsletter.