Rivian Automotive (NASDAQ:RIVN) Trading 3.1% Higher on Analyst Upgrade

Rivian Automotive, Inc. (NASDAQ:RIVN) traded up 3.1% on Thursday after DA Davidson upgraded the stock from an underperform rating to a neutral rating. DA Davidson now has a $14.00 price target on the stock. Rivian Automotive traded as high as $15.48 and last traded at $15.40. 20,618,107 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 30,397,297 shares. The stock had previously closed at $14.94.

RIVN has been the subject of a number of other research reports. Wells Fargo & Company raised their price target on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Piper Sandler reduced their price objective on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rivian Automotive in a research report on Thursday, January 22nd. Leerink Partners reissued an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Finally, Morgan Stanley restated an “underweight” rating and set a $12.00 target price on shares of Rivian Automotive in a research report on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.05.

Insider Buying and Selling

In related news, CFO Claire Mcdonough sold 27,133 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $455,834.40. Following the transaction, the chief financial officer directly owned 680,836 shares in the company, valued at $11,438,044.80. This represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert J. Scaringe sold 20,264 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $15.00, for a total transaction of $303,960.00. Following the completion of the transaction, the chief executive officer owned 1,022,584 shares in the company, valued at $15,338,760. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 152,097 shares of company stock valued at $2,500,955. 2.16% of the stock is currently owned by insiders.

Key Rivian Automotive News

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

• Positive Sentiment: Rivian beat Q1 delivery estimates (10,365 vehicles) and reaffirmed 2026 delivery guidance of 62,000–67,000 vehicles — evidence demand is stabilizing and management is sticking to its plan. Rivian Releases Q1 2026 Production and Delivery Figures
• Positive Sentiment: Also (a Rivian spinoff) closed a $200M Series C and secured a DoorDash partnership to deploy small autonomous delivery EVs — strengthens Rivian’s broader EV/autonomy ecosystem and potential revenue pathways. Rivian spinout EV start-up raises $200m
• Positive Sentiment: Analyst/commentary pieces are highlighting Rivian as undervalued relative to growth potential, supporting a constructive long‑term view among some investors. 2 EV Stocks That Are Too Cheap to Ignore Right Now
• Neutral Sentiment: DA Davidson upgraded Rivian from Underperform to Neutral, citing valuation after the pullback — an improvement in tone but the price target implies limited near‑term upside. DA Davidson Upgrades Rivian
• Negative Sentiment: CEO Robert Scaringe sold 20,264 shares (~$304k) under a pre‑arranged 10b5‑1 plan — insider selling can raise short‑term concern even when pre‑planned. Insider Sale: Robert Scaringe
• Negative Sentiment: U.S. monthly sales have reportedly declined for a fourth consecutive month ahead of the R2 model launch, a reminder that demand recovery is still uneven. US sales decline for fourth consecutive month
• Negative Sentiment: Despite the delivery beat, some market coverage noted Rivian’s stock fell alongside peers today, suggesting broader market dynamics and valuation concerns capped upside. Tesla Rival Rivian Tops Delivery Estimates With New Model Still Due

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its holdings in Rivian Automotive by 1.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock valued at $853,000 after purchasing an additional 686 shares during the last quarter. Merit Financial Group LLC boosted its holdings in Rivian Automotive by 3.2% during the fourth quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock worth $456,000 after buying an additional 718 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Rivian Automotive by 36.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock worth $54,000 after buying an additional 739 shares during the period. Utah Retirement Systems grew its position in shares of Rivian Automotive by 0.6% during the 4th quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock worth $2,533,000 after buying an additional 744 shares during the period. Finally, Tradition Wealth Management LLC increased its stake in shares of Rivian Automotive by 5.7% in the 4th quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker’s stock valued at $277,000 after acquiring an additional 753 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive Trading Up 3.1%

The company has a market capitalization of $19.11 billion, a P/E ratio of -5.02 and a beta of 1.69. The business has a 50 day moving average price of $15.35 and a 200 day moving average price of $15.91. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.14. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. Rivian Automotive’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.70) EPS. Analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

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.