Exane Derivatives acquired a new stake in Rivian Automotive, Inc. (NASDAQ:RIVN – Get Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,088 shares of the electric vehicle automaker’s stock, valued at approximately $28,000.
Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of Rivian Automotive in the first quarter valued at $51,000. Raymond James & Associates raised its position in shares of Rivian Automotive by 42.2% during the first quarter. Raymond James & Associates now owns 179,015 shares of the electric vehicle automaker’s stock worth $8,994,000 after purchasing an additional 53,132 shares during the period. M Holdings Securities Inc. acquired a new stake in shares of Rivian Automotive during the first quarter worth $369,000. MBL Wealth LLC acquired a new stake in shares of Rivian Automotive during the first quarter worth $271,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Rivian Automotive by 8.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 25,500 shares of the electric vehicle automaker’s stock worth $1,281,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 62.09% of the company’s stock.
Insider Transactions at Rivian Automotive
In other news, CAO Jeff Baker sold 1,753 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of 37.27, for a total transaction of 65,334.31. Following the completion of the sale, the chief accounting officer now owns 79,666 shares in the company, valued at approximately 2,969,151.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.34% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Rivian Automotive Stock Performance
RIVN opened at 35.10 on Thursday. The company has a market cap of $32.16 billion and a PE ratio of -1.70. The stock has a 50-day moving average of 34.84 and a 200-day moving average of 34.22. Rivian Automotive, Inc. has a 52-week low of 19.25 and a 52-week high of 179.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 8.60 and a current ratio of 8.97.
About Rivian Automotive
Rivian Automotive, Inc designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets.
- Get a free copy of the StockNews.com research report on Rivian Automotive (RIVN)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- 3 Defensive Stocks With 60-Year Dividend Hike Streaks
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.