Rivian Automotive (NASDAQ:RIVN) Shares Down 3.4% After Insider Selling

Rivian Automotive, Inc. (NASDAQ:RIVN)’s stock price traded down 3.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $12.65 and last traded at $12.90. 40,653,607 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 29,353,195 shares. The stock had previously closed at $13.35.

Specifically, CFO Claire Mcdonough sold 5,544 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $13.43, for a total transaction of $74,455.92. Following the completion of the transaction, the chief financial officer directly owned 902,630 shares in the company, valued at approximately $12,122,320.90. This represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RIVN shares. Piper Sandler lowered their price target on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, February 13th. DA Davidson increased their price target on Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Bank of America assumed coverage on Rivian Automotive in a report on Wednesday, March 4th. They set an “underperform” rating and a $14.00 price target for the company. BNP Paribas Exane restated an “outperform” rating and set a $22.00 target price (down from $23.00) on shares of Rivian Automotive in a report on Friday, May 1st. Finally, Cantor Fitzgerald raised their target price on Rivian Automotive from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.57.

Rivian Automotive News Summary

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

• Positive Sentiment: Investors are encouraged by Rivian’s push toward the lower-priced R2 SUV, which could broaden its customer base and support future delivery growth. The Bull Case For Rivian Automotive (RIVN) Could Change Following R2 Shift And Mind Robotics Stakes
• Positive Sentiment: Rivian’s roughly 38% stake in Mind Robotics was highlighted as a meaningful technology asset that could improve long-term financial flexibility and valuation. The Bull Case For Rivian Automotive (RIVN) Could Change Following R2 Shift And Mind Robotics Stakes
• Positive Sentiment: Call-option buying jumped sharply, suggesting traders are positioning for more upside in the stock.
• Positive Sentiment: Some analysts and commentators remain constructive on Rivian’s 2026 outlook, citing the R2 launch, VW and Uber partnerships, and software/autonomy revenue as margin drivers. Here’s Why You Should Retain Rivian Stock in Your Portfolio Now

Rivian Automotive Stock Up 3.1%

The business has a fifty day moving average of $15.37 and a 200 day moving average of $16.29. The company has a market capitalization of $17.56 billion, a PE ratio of -4.85 and a beta of 1.64. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00.

Hedge Funds Weigh In On Rivian Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its stake in shares of 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 buying an additional 1,000 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of Rivian Automotive in the 4th quarter valued at about $27,000. SOA Wealth Advisors LLC. boosted its stake in shares of 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 buying an additional 1,395 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Rivian Automotive in the 3rd quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Rivian Automotive in the 4th quarter valued at about $33,000. 66.25% of the stock is currently owned by hedge funds and other institutional investors.

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.