Captrust Financial Advisors Has $150,000 Stock Position in Rivian Automotive, Inc. (NASDAQ:RIVN)

Captrust Financial Advisors reduced its holdings in Rivian Automotive, Inc. (NASDAQ:RIVN) by 72.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,302 shares of the electric vehicle automaker’s stock after selling 30,172 shares during the quarter. Captrust Financial Advisors’ holdings in Rivian Automotive were worth $150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tradition Wealth Management LLC increased its position in Rivian Automotive by 7.2% in the 4th quarter. Tradition Wealth Management LLC now owns 12,604 shares of the electric vehicle automaker’s stock valued at $168,000 after acquiring an additional 849 shares during the period. RFG Holdings Inc. boosted its stake in shares of Rivian Automotive by 5.2% in the 4th quarter. RFG Holdings Inc. now owns 22,226 shares of the electric vehicle automaker’s stock valued at $296,000 after purchasing an additional 1,096 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Rivian Automotive by 4.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 26,611 shares of the electric vehicle automaker’s stock valued at $354,000 after purchasing an additional 1,160 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of Rivian Automotive by 4.1% in the 4th quarter. Freestone Capital Holdings LLC now owns 29,312 shares of the electric vehicle automaker’s stock valued at $390,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Rivian Automotive by 8.3% in the 4th quarter. Advisory Services Network LLC now owns 17,158 shares of the electric vehicle automaker’s stock valued at $228,000 after purchasing an additional 1,314 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rivian Automotive news, CFO Claire Mcdonough sold 9,937 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $15.00, for a total transaction of $149,055.00. Following the transaction, the chief financial officer now owns 851,637 shares in the company, valued at approximately $12,774,555. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert J. Scaringe sold 71,429 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $11.25, for a total transaction of $803,576.25. Following the completion of the sale, the chief executive officer now owns 853,011 shares of the company’s stock, valued at approximately $9,596,373.75. This represents a 7.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 384,265 shares of company stock worth $5,201,750. Insiders own 2.16% of the company’s stock.

Rivian Automotive Stock Performance

RIVN opened at $15.91 on Friday. The company has a current ratio of 5.09, a quick ratio of 3.70 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average price is $12.83 and its two-hundred day moving average price is $12.66. Rivian Automotive, Inc. has a 1-year low of $9.50 and a 1-year high of $18.86. The company has a market cap of $17.99 billion, a price-to-earnings ratio of -3.37 and a beta of 1.86.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings data on Tuesday, May 6th. The electric vehicle automaker reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.23. Rivian Automotive had a negative net margin of 95.51% and a negative return on equity of 66.26%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $981.52 million. During the same quarter in the prior year, the company posted ($1.48) earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, analysts expect that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RIVN shares. Stifel Nicolaus upped their price objective on shares of Rivian Automotive from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of Rivian Automotive in a research note on Wednesday, May 7th. Sanford C. Bernstein started coverage on shares of Rivian Automotive in a research note on Wednesday, January 29th. They issued an “underperform” rating and a $6.10 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Rivian Automotive in a research note on Tuesday, March 18th. Finally, Piper Sandler upped their price objective on shares of Rivian Automotive from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Rivian Automotive presently has an average rating of “Hold” and a consensus target price of $14.33.

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.