Baron Wealth Management LLC Sells 200,000 Shares of Rivian Automotive, Inc. $RIVN

Baron Wealth Management LLC reduced its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 38.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 313,953 shares of the electric vehicle automaker’s stock after selling 200,000 shares during the period. Rivian Automotive accounts for 1.9% of Baron Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Baron Wealth Management LLC’s holdings in Rivian Automotive were worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RIVN. Brighton Jones LLC raised its holdings in Rivian Automotive by 28.0% in the fourth quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker’s stock valued at $235,000 after acquiring an additional 3,864 shares in the last quarter. AQR Capital Management LLC grew its holdings in Rivian Automotive by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 386,384 shares of the electric vehicle automaker’s stock worth $4,733,000 after acquiring an additional 5,590 shares in the last quarter. Empowered Funds LLC increased its position in shares of Rivian Automotive by 10.1% in the 1st quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker’s stock worth $679,000 after purchasing an additional 4,998 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Rivian Automotive by 29.0% in the 1st quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker’s stock valued at $803,000 after purchasing an additional 14,497 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Rivian Automotive by 57.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker’s stock valued at $64,000 after purchasing an additional 1,856 shares in the last quarter. Institutional investors own 66.25% of the company’s stock.

Insider Activity

In other Rivian Automotive news, CEO Robert J. Scaringe sold 17,450 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $15.60, for a total transaction of $272,220.00. Following the completion of the transaction, the chief executive officer directly owned 1,042,848 shares of the company’s stock, valued at $16,268,428.80. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Claire Mcdonough sold 27,133 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total transaction of $455,834.40. Following the completion of the transaction, the chief financial officer owned 680,836 shares of the company’s stock, valued at approximately $11,438,044.80. This trade represents a 3.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 131,833 shares of company stock worth $2,196,995. 2.16% of the stock is currently owned by insiders.

Rivian Automotive Price Performance

Shares of RIVN opened at $14.77 on Friday. Rivian Automotive, Inc. has a 12 month low of $10.36 and a 12 month high of $22.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89. The stock has a fifty day moving average price of $15.46 and a 200 day moving average price of $15.90. The company has a market cap of $18.33 billion, a P/E ratio of -4.81 and a beta of 1.75.

Rivian Automotive (NASDAQ:RIVN) last posted its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.14. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business posted ($0.70) earnings per share. The firm’s quarterly revenue was down 25.8% compared to the same quarter last year. On average, research analysts forecast that Rivian Automotive, Inc. will post -3.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RIVN shares. Leerink Partners reiterated an “outperform” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Benchmark restated a “buy” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Stifel Nicolaus increased their target price on Rivian Automotive from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Wells Fargo & Company boosted their price target on Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Finally, Piper Sandler dropped their price target on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.05.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: Volkswagen has triggered the next $1 billion tranche into Rivian after the JV completed a software/winter-testing milestone for the VW ID EVERY1, validating Rivian’s software/architecture and unlocking material liquidity that improves Rivian’s funding runway and commercialization path for the JV vehicle. Rivian gets another $1B from Volkswagen
• Neutral Sentiment: Multiple outlets report the JV milestone and funding as a procedural tranche tied to engineering milestones — bullish for credibility but still dependent on future production/sales execution and JV timing. VW’s software partnership with Rivian clears investment hurdle
• Neutral Sentiment: Market commentary frames Rivian as a “quiet outperformer” with strategic shifts that could be an inflection point — supportive context for investors but not an immediate catalyst. MarketBeat Week in Review – 03/23 – 03/27
• Negative Sentiment: Short-term price weakness has drawn coverage explaining a recent pullback versus the broader market; macro/headline-driven selling (sector rotation, rate/inflation concerns) is cited as pressuring EV names including Rivian. Here’s Why Rivian Automotive (RIVN) Fell More Than Broader Market
• Negative Sentiment: Longer-term performance pieces note significant multi-year losses for pure-play EVs including Rivian, a reminder investors weigh both the near-term funding boost and the company’s longer path to sustained profitability. If You Bought Lucid, Nio, or Rivian Stock 5 Years Ago, Here’s How Much You’ve Lost

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.