Rivian Automotive (NASDAQ:RIVN) CEO Sells $272,220.00 in Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO Robert Scaringe sold 17,450 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total value of $272,220.00. Following the completion of the sale, the chief executive officer owned 1,042,848 shares of the company’s stock, valued at approximately $16,268,428.80. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rivian Automotive Stock Performance

Rivian Automotive stock opened at $14.91 on Friday. The stock has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $15.85. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of -4.86 and a beta of 1.75. The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. Rivian Automotive, Inc. has a 12-month low of $10.36 and a 12-month high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.14. The firm 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%. The company’s revenue was down 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.70) EPS. On average, research analysts anticipate that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rivian Automotive

A number of institutional investors and hedge funds have recently modified their holdings of RIVN. Vanguard Group Inc. boosted its stake in Rivian Automotive by 3.3% in 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 last quarter. Capital International Investors raised its position in shares of Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock valued at $409,374,000 after acquiring an additional 2,418,717 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Rivian Automotive by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock valued at $323,195,000 after acquiring an additional 4,012,386 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rivian Automotive by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 14,782,865 shares of the electric vehicle automaker’s stock valued at $290,568,000 after purchasing an additional 59,503 shares during the period. Finally, Norges Bank acquired a new position in shares of Rivian Automotive in the 4th quarter valued at $220,323,000. 66.25% of the stock is owned by institutional investors.

Rivian Automotive News Summary

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RIVN shares. DA Davidson lowered shares of Rivian Automotive from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $15.00 to $14.00 in a report on Tuesday, February 17th. Robert W. Baird raised Rivian Automotive from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $14.00 to $25.00 in a report on Thursday, December 18th. Morgan Stanley reiterated an “underweight” rating and issued a $12.00 price objective on shares of Rivian Automotive in a research report on Monday, December 8th. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 target price on shares of Rivian Automotive in a research note on Tuesday, March 3rd. Finally, Canaccord Genuity Group boosted their target price on Rivian Automotive from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday. Eleven 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. According to MarketBeat.com, Rivian Automotive presently has a consensus rating of “Hold” and an average target price of $18.05.

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.