2 days Ago By Defense World Staff
Forsta AP Fonden boosted its position in shares of Rivian Automotive, Inc. ( NASDAQ:RIVN – Free Report ) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 157,100 shares of the electric vehicle automaker’s stock after acquiring an additional 17,700 shares during the period. Forsta AP Fonden’s holdings in Rivian Automotive were worth $2,108,000 as of its most recent SEC filing. Several other large investors have also recently bought and sold shares of the business.
Principal Securities Inc. acquired a new stake in Rivian Automotive during the fourth quarter worth approximately $33,000. Jump Financial LLC acquired a new stake in Rivian Automotive during the 4th quarter worth $401,000.
Dimensional Fund Advisors LP lifted its position in Rivian Automotive by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,691,417 shares of the electric vehicle automaker’s stock valued at $86,603,000 after acquiring an additional 392,999 shares during the last quarter.
Massachusetts Financial Services Co. MA acquired a new position in Rivian Automotive in the fourth quarter valued at $6,106,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Rivian Automotive by 0.
6% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,459 shares of the electric vehicle automaker’s stock worth $3,366,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 66.
25% of the company’s stock. Rivian Automotive Stock Performance NASDAQ:RIVN opened at $13.20 on Tuesday.
The company has a quick ratio of 4.01, a current ratio of 5.25 and a debt-to-equity ratio of 0.
81. Rivian Automotive, Inc. has a fifty-two week low of $8.
26 and a fifty-two week high of $24.87. The firm’s fifty day simple moving average is $14.
85 and its 200-day simple moving average is $12.29. The stock has a market cap of $13.
31 billion, a PE ratio of -2.29 and a beta of 2.06.
Insider Activity at Rivian Automotive In other Rivian Automotive news, CFO Claire Mcdonough sold 3,210 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.57, for a total transaction of $43,559.
70. Following the sale, the chief financial officer now directly owns 392,662 shares in the company, valued at $5,328,423.34.
The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In other news, CFO Claire Mcdonough sold 3,210 shares of Rivian Automotive stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.
57, for a total transaction of $43,559.70. Following the completion of the transaction, the chief financial officer now owns 392,662 shares of the company’s stock, valued at approximately $5,328,423.
34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, CEO Robert J.
Scaringe sold 71,429 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $14.97, for a total transaction of $1,069,292.
13. Following the completion of the sale, the chief executive officer now owns 909,691 shares in the company, valued at $13,618,074.27.
The disclosure for this sale can be found here . Insiders sold 500,830 shares of company stock valued at $7,872,145 in the last ninety days. Corporate insiders own 2.
30% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company. UBS Group reduced their target price on Rivian Automotive from $17.
00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wolfe Research initiated coverage on Rivian Automotive in a report on Thursday, September 5th.
They issued a “peer perform” rating for the company. Needham & Company LLC cut their target price on shares of Rivian Automotive from $20.00 to $18.
00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Canaccord Genuity Group increased their price target on shares of Rivian Automotive from $20.00 to $30.
00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Guggenheim started coverage on shares of Rivian Automotive in a research note on Tuesday, June 25th. They issued a “buy” rating and a $18.
00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.
com, Rivian Automotive currently has a consensus rating of “Hold” and an average target price of $18.09. Check Out Our Latest Report on RIVN Rivian Automotive Company Profile ( Free Report ) Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories.
The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. Read More Five stocks we like better than Rivian Automotive ESG Stocks, What Investors Should Know Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible Stock Analyst Ratings and Canadian Analyst Ratings Roblox’s Growth Beyond Kids: Stock Set for Major Moves 3 Fintech Stocks With Good 2021 Prospects 5 Oversold Stocks to Buy Right Now Receive News & Ratings for Rivian Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rivian Automotive and related companies with MarketBeat.com's FREE daily email newsletter .
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