Robert Scaringe Sells 17,450 Shares of Rivian Automotive (NASDAQ:RIVN) Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO Robert Scaringe sold 17,450 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $19.55, for a total transaction of $341,147.50. Following the sale, the chief executive officer directly owned 1,132,659 shares in the company, valued at $22,143,483.45. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rivian Automotive Stock Down 3.4%

Shares of Rivian Automotive stock opened at $19.22 on Friday. The company has a 50-day simple moving average of $17.70 and a two-hundred day simple moving average of $14.89. The stock has a market capitalization of $23.56 billion, a PE ratio of -6.18 and a beta of 1.77. Rivian Automotive, Inc. has a 52-week low of $10.36 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.23 and a current ratio of 2.71.

Rivian Automotive (NASDAQ:RIVN) last posted its quarterly earnings results on Tuesday, November 4th. The electric vehicle automaker reported ($0.65) EPS for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.06. Rivian Automotive had a negative net margin of 61.34% and a negative return on equity of 57.33%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted ($1.08) earnings per share. The business’s revenue for the quarter was up 78.3% on a year-over-year basis. On average, analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RIVN has been the topic of a number of research analyst reports. Tigress Financial upped their price target on Rivian Automotive from $21.00 to $25.00 and gave the company a “buy” rating in a report on Friday, November 14th. Robert W. Baird upgraded shares of Rivian Automotive from a “neutral” rating to an “outperform” rating and upped their target price for the company from $14.00 to $25.00 in a research note on Thursday, December 18th. Stifel Nicolaus lifted their price target on shares of Rivian Automotive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Cfra Research raised shares of Rivian Automotive to a “moderate sell” rating in a report on Thursday, October 2nd. Finally, Zacks Research upgraded shares of Rivian Automotive from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.95.

Key Stories Impacting Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Piper Sandler raised its price target to $20 (from $14) and kept a Neutral rating — this uplifts analyst sentiment and can provide short-term support for the share price. Read More.
• Positive Sentiment: Goldman Sachs raised its target to $18 (from $16), citing progress on the R2 product platform, AV/autonomy work and reported solid Q4 deliveries — suggests improving execution and a clearer path to future growth. Read More.
• Neutral Sentiment: CEO Robert Scaringe sold 17,450 shares (~$341k) on Jan. 6 — insider selling can spook investors but this was a small trim (about 1.5% of his holdings) and not an outright vote of no confidence. Read More.
• Neutral Sentiment: Coverage and valuation write-ups are mixed (some bullish raises, some cautious/underweight views) — this creates divergent expectations that can increase intraday volatility but not a single clear catalyst. Read More.
• Negative Sentiment: Rivian is recalling 19,641 U.S. R1T/R1S vehicles due to an improperly reassembled rear toe link after service — recall scale raises immediate repair/warranty costs, logistical burdens and short-term reputational risk that can pressure margins and the stock. Read More.
• Negative Sentiment: Some analysts warn of a possible 2026 demand “air-pocket” and retain cautious/low targets — lingering macro/demand concerns could limit upside despite better execution headlines. Read More.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Rivian Automotive by 3.3% during the third quarter. Vanguard Group Inc. now owns 81,673,512 shares of the electric vehicle automaker’s stock valued at $1,198,967,000 after acquiring an additional 2,597,310 shares during the period. Capital International Investors raised its stake in Rivian Automotive by 13.4% during the 3rd quarter. Capital International Investors now owns 18,351,127 shares of the electric vehicle automaker’s stock valued at $269,395,000 after purchasing an additional 2,161,394 shares during the period. Geode Capital Management LLC lifted its holdings in Rivian Automotive by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 14,614,204 shares of the electric vehicle automaker’s stock worth $200,200,000 after purchasing an additional 689,045 shares in the last quarter. Soma Equity Partners LP boosted its stake in Rivian Automotive by 9.9% in the 3rd quarter. Soma Equity Partners LP now owns 9,204,745 shares of the electric vehicle automaker’s stock worth $135,126,000 after purchasing an additional 829,782 shares during the period. Finally, Norges Bank purchased a new stake in Rivian Automotive during the 2nd quarter valued at approximately $105,629,000. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Company Profile

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.