Rivian Automotive (NASDAQ:RIVN) Stock Price Down 7.5% After Insider Selling

Rivian Automotive, Inc. (NASDAQ:RIVN) shares dropped 7.5% during trading on Friday after an insider sold shares in the company. The stock traded as low as $14.81 and last traded at $14.91. Approximately 50,244,792 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 31,679,826 shares. The stock had previously closed at $16.12.

Specifically, CEO Robert J. Scaringe sold 17,450 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total transaction of $272,220.00. Following the completion of the sale, the chief executive officer directly owned 1,042,848 shares of the company’s stock, valued at $16,268,428.80. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RIVN. DA Davidson lowered shares of Rivian Automotive from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $15.00 to $14.00 in a research report on Tuesday, February 17th. Evercore reissued an “outperform” rating on shares of Rivian Automotive in a research note on Monday, December 15th. Wolfe Research cut Rivian Automotive from a “peer perform” rating to an “underperform” rating in a report on Monday, January 12th. TD Cowen raised Rivian Automotive from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company increased their price target on Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.05.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Uber agreed to invest up to $1.25 billion and commit to buying thousands of R2 robotaxis (initial phase: 10,000 with options for many more), giving Rivian a material commercial partner and potential multi‑year revenue pipeline tied to autonomy. BusinessWire: Uber and Rivian Partner
• Positive Sentiment: Uber is deploying initial funding (reported ~$300M up front) and the deal ties additional payments and vehicle purchase options to autonomy milestones — a de‑risked funding path for Rivian’s costly self‑drive buildout. Yahoo Finance: Uber Invests $300M
• Positive Sentiment: Analysts are leaning more bullish on Rivian’s pivot to the lower‑priced R2 and autonomy strategy; a few firms raised price targets or reiterated buys, supporting upside expectations into the R2 rollout. Seeking Alpha: Analysts on Uber Partnership
• Neutral Sentiment: Immediate market reaction: the stock initially spiked on the Uber deal but has seen rapid profit‑taking and choppy intraday trading as investors parse timing, milestones and execution risk. Invezz: Volatility After Uber Deal
• Negative Sentiment: Rivian disclosed it’s spending heavily on autonomy and has pushed out its expected 2027 profitability goal, which raises near‑term cash‑burn and execution risk — a clear negative for short‑term earnings visibility. TechCrunch: Profit Goal Sacrificed
• Negative Sentiment: Insider selling: CEO RJ (Robert) Scaringe sold ~17,450 shares last week (filed with the SEC); while small relative to his stake, it can amplify short‑term downside or momentum selling. SEC Form 4: Scaringe Sale
• Negative Sentiment: Broader market pressure — geopolitical tensions and rising oil prices have pushed inflation and growth concerns into headlines today, prompting risk‑off flows that weighed on EV and growth names including RIVN. Yahoo Finance: Geopolitical Headwinds

Rivian Automotive Trading Down 7.5%

The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89. The company has a market cap of $18.50 billion, a price-to-earnings ratio of -4.86 and a beta of 1.75. The business has a 50 day simple moving average of $15.70 and a 200 day simple moving average of $15.83.

Rivian Automotive (NASDAQ:RIVN) last announced its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.14. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted ($0.70) earnings per share. The firm’s quarterly revenue was down 25.8% compared to the same quarter last year. As a group, equities analysts forecast that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Institutional Investors Weigh In On Rivian Automotive

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. raised its stake in shares of Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Rivian Automotive during the fourth quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in shares of Rivian Automotive in the third quarter valued at approximately $30,000. Hemington Wealth Management increased its holdings in shares of Rivian Automotive by 291.0% in the third quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,580 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in Rivian Automotive by 894.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors own 66.25% of the company’s stock.

About Rivian Automotive

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.