Longitude Cayman Ltd. Purchases Shares of 50,000 Rivian Automotive, Inc. $RIVN

Longitude Cayman Ltd. purchased a new stake in Rivian Automotive, Inc. (NASDAQ:RIVN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,000 shares of the electric vehicle automaker’s stock, valued at approximately $986,000. Rivian Automotive comprises approximately 0.4% of Longitude Cayman Ltd.’s portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its holdings in Rivian Automotive by 113.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in Rivian Automotive in the 4th quarter valued at about $27,000. SOA Wealth Advisors LLC. lifted its holdings 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 valued at $31,000 after acquiring an additional 1,395 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rivian Automotive in the 3rd quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Rivian Automotive in the 4th quarter valued at about $33,000. 66.25% of the stock is owned by institutional investors and hedge funds.

Rivian Automotive News Summary

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

• Positive Sentiment: AT&T expanded its partnership with Rivian to provide 5G connectivity for the upcoming R2 platform in the U.S. and Canada, reinforcing Rivian’s software-defined vehicle strategy and supporting over-the-air updates, infotainment, and real-time features. AT&T (T) Expands Partnership With Rivian (RIVN) to Provide 5G Connectivity for R2 Platform
• Positive Sentiment: Needham reiterated a Buy rating on Rivian and set a $23 price target, signaling continued analyst confidence despite recent volatility.
• Positive Sentiment: Some commentary argues Rivian’s Q1 results showed a more mature business model taking shape, with software becoming a more important profit driver as the R2 launch gets underway. Rivian vs Lucid: This EV Stock Is The Better Buy
• Neutral Sentiment: Rivian began deliveries of the lower-priced R2 SUV, a major product milestone that could boost demand over time, but it has also triggered debate about whether the vehicle is compelling enough versus rivals like Tesla’s Model Y. Rivian stock falls as R2 SUV deliveries begin, June 2026
• Negative Sentiment: Several reports said Rivian shares fell after R2 deliveries began, as investors worried about high lease payments, missing software features, and whether the new model’s value proposition is strong enough to compete. RIVN Stock Rises Overnight: Analyst Urges Bears To Test Drive R2 Before Betting Against Rivian
• Negative Sentiment: Market coverage also highlighted that Rivian dipped more than the broader market in the latest session, reflecting investor caution around the stock after the R2 launch news. Why Rivian Automotive (RIVN) Dipped More Than Broader Market Today

Rivian Automotive Price Performance

RIVN stock opened at $15.54 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. Rivian Automotive, Inc. has a one year low of $11.57 and a one year high of $22.69. The firm has a market capitalization of $19.28 billion, a PE ratio of -5.32 and a beta of 1.62. The firm has a 50-day moving average of $15.51 and a two-hundred day moving average of $16.36.

Analysts Set New Price Targets

RIVN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their price target for the company from $16.00 to $23.00 in a report on Friday, February 13th. Cantor Fitzgerald upped their price objective on shares of Rivian Automotive from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Bank of America assumed coverage on shares of Rivian Automotive in a research note on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price objective for the company. Finally, Wall Street Zen raised shares of Rivian Automotive from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.57.

Insider Transactions at Rivian Automotive

In other news, CEO Robert J. Scaringe sold 34,818 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of the sale, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at $13,834,290. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 8,023 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the sale, the chief financial officer directly owned 887,007 shares of the company’s stock, valued at $14,192,112. This trade represents a 0.90% 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. Insiders have sold 117,790 shares of company stock valued at $1,832,466 over the last ninety days. Insiders own 1.48% 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.