Green Alpha Advisors LLC Has $823,000 Position in Rivian Automotive, Inc. (NASDAQ:RIVN)

Green Alpha Advisors LLC boosted its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,893 shares of the electric vehicle automaker’s stock after acquiring an additional 8,262 shares during the period. Green Alpha Advisors LLC’s holdings in Rivian Automotive were worth $823,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Rivian Automotive by 79.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,607,220 shares of the electric vehicle automaker’s stock worth $51,693,000 after acquiring an additional 2,035,831 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Rivian Automotive by 1,870.7% during the 3rd quarter. International Assets Investment Management LLC now owns 54,215 shares of the electric vehicle automaker’s stock worth $608,000 after purchasing an additional 51,464 shares in the last quarter. Mizuho Markets Americas LLC increased its holdings in Rivian Automotive by 30.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 531,568 shares of the electric vehicle automaker’s stock worth $5,964,000 after purchasing an additional 124,950 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Rivian Automotive by 543.8% in the third quarter. Vontobel Holding Ltd. now owns 142,712 shares of the electric vehicle automaker’s stock valued at $1,601,000 after purchasing an additional 120,544 shares in the last quarter. Finally, Renaissance Capital LLC boosted its position in shares of Rivian Automotive by 20.0% during the third quarter. Renaissance Capital LLC now owns 887,551 shares of the electric vehicle automaker’s stock valued at $9,958,000 after buying an additional 148,197 shares during the last quarter. 66.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RIVN has been the topic of several recent analyst reports. Barclays dropped their price objective on Rivian Automotive from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus cut their price target on shares of Rivian Automotive from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Benchmark started coverage on shares of Rivian Automotive in a research report on Monday, December 9th. They issued a “buy” rating and a $18.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Rivian Automotive from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Piper Sandler reduced their target price on Rivian Automotive from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Rivian Automotive presently has an average rating of “Hold” and a consensus price target of $15.48.

Insider Transactions at Rivian Automotive

In other Rivian Automotive news, CFO Claire Mcdonough sold 18,501 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $15.00, for a total value of $277,515.00. Following the completion of the transaction, the chief financial officer now directly owns 351,900 shares of the company’s stock, valued at $5,278,500. This trade represents a 4.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Scaringe sold 71,429 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $16.17, for a total transaction of $1,155,006.93. Following the completion of the transaction, the chief executive officer now directly owns 863,361 shares in the company, valued at approximately $13,960,547.37. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,429 shares of company stock valued at $4,467,450 over the last three months. Company insiders own 2.51% of the company’s stock.

Rivian Automotive Stock Down 2.5 %

Rivian Automotive stock opened at $13.85 on Monday. The firm has a 50 day simple moving average of $12.60 and a 200 day simple moving average of $13.08. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93. Rivian Automotive, Inc. has a 1-year low of $8.26 and a 1-year high of $19.12. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of -2.47 and a beta of 2.05.

Rivian Automotive 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.