Rivian Automotive, Inc. $RIVN Position Reduced by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Rivian stake by 44.9% in the second quarter, selling 117,059 shares and retaining 143,871 shares valued at approximately $2.5 million.
• Institutional investors own 66.25% of Rivian, while insiders sold 56,167 shares worth about $963,000 over the past 90 days, indicating continued portfolio and insider selling activity.
• Analysts maintain a consensus “Hold” rating with a $19.00 target price. Rivian beat quarterly revenue and EPS estimates, but remained unprofitable with a negative 54.96% net margin and analysts expecting a full-year loss.

Corient Private Wealth LP lowered its stake in Rivian Automotive, Inc. (NASDAQ:RIVN - Free Report) by 44.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 143,871 shares of the electric vehicle automaker's stock after selling 117,059 shares during the period. Corient Private Wealth LP's holdings in Rivian Automotive were worth $2,496,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in Rivian Automotive in the fourth quarter valued at about $27,000. MTM Investment Management LLC lifted its holdings in Rivian Automotive by 115.0% during the 4th quarter. MTM Investment Management LLC now owns 2,150 shares of the electric vehicle automaker's stock worth $42,000 after buying an additional 1,150 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Rivian Automotive in the 2nd quarter worth approximately $44,000. Oslo Pensjonsforsikring AS acquired a new position in shares of Rivian Automotive in the 1st quarter worth approximately $39,000. Finally, Osbon Capital Management LLC bought a new stake in shares of Rivian Automotive in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 66.25% of the company's stock.

Insiders Place Their Bets

In other Rivian Automotive news, Director Karen Boone sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. Following the sale, the director owned 110,000 shares in the company, valued at approximately $2,200,000. This trade represents a 15.38% decrease in their ownership of the stock. The sale 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, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.29, for a total value of $244,350.00. Following the sale, the insider directly owned 1,016,776 shares in the company, valued at approximately $16,563,281.04. This trade represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 56,167 shares of company stock worth $963,306. Insiders own 1.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RIVN shares. Royal Bank Of Canada upped their price target on Rivian Automotive from $14.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. Citigroup started coverage on shares of Rivian Automotive in a research note on Monday, September 14th. They set a "hold" rating and a $18.00 target price for the company. Wall Street Zen raised shares of Rivian Automotive from a "sell" rating to a "hold" rating in a report on Saturday. BNP Paribas Exane raised their price target on shares of Rivian Automotive from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Finally, Piper Sandler raised shares of Rivian Automotive from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $18.00 to $20.00 in a report on Monday, July 27th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, Rivian Automotive has a consensus rating of "Hold" and a consensus target price of $19.00.

Key Stories Impacting Rivian Automotive

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

• Neutral Sentiment: Brokerages assign Rivian an average “Hold” rating, suggesting analysts see limited near-term catalysts and a balanced risk-reward profile rather than a clear buy signal. Rivian Automotive Given Average Rating of Hold by Brokerages
• Neutral Sentiment: Recent analysis examines the factors currently driving RIVN, indicating that investors are focused on the company’s strategic direction, vehicle launches and ability to translate expectations into sustainable growth. What’s Really Driving Rivian Automotive Now?
• Negative Sentiment: An analyst downgraded Rivian, arguing that even a successful R2 launch may not be enough to drive meaningful shareholder returns. The view reflects concerns that execution success could be offset by high expectations, competition, capital needs and the company’s still-unproven path to profitability. Rivian Could Nail R2 And Still Go Nowhere
• Negative Sentiment: Coverage of Rivian’s sharp three-month stock decline reinforces concerns about deteriorating investor confidence. The comparison with another troubled EV company underscores worries over demand, profitability and whether Rivian can avoid the sector’s recurring financial and operational challenges. Rivian’s Remarkable Three Month Stock Collapse

Rivian Automotive Price Performance

Shares of NASDAQ RIVN opened at $15.14 on Wednesday. Rivian Automotive, Inc. has a 1-year low of $12.39 and a 1-year high of $22.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.65. The business's fifty day moving average price is $16.07 and its two-hundred day moving average price is $15.91. The firm has a market capitalization of $21.92 billion, a PE ratio of -5.87 and a beta of 1.62.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.66) by $0.03. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.52 billion. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%.The firm's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the business posted ($0.97) earnings per share. On average, research analysts expect that Rivian Automotive, Inc. will post -2.98 EPS for the current year.

Rivian Automotive Company Profile

Rivian Automotive, Inc designs, develops and manufactures electric vehicles and related technology. Its consumer vehicle lineup includes the R1T electric pickup truck and R1S electric SUV, which are designed for on-road and off-road use. The company also develops charging solutions, vehicle software and connected services intended to support the ownership and operation of its electric vehicles.

Rivian produces electric commercial vans for delivery and fleet applications, including vehicles developed through its relationship with Amazon.

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