Diversify Wealth Management LLC Takes Position in Rivian Automotive, Inc. $RIVN

Diversify Wealth Management LLC purchased a new stake in Rivian Automotive, Inc. (NASDAQ:RIVN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,591 shares of the electric vehicle automaker’s stock, valued at approximately $668,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its stake 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 position in Rivian Automotive during the fourth quarter worth about $27,000. SOA Wealth Advisors LLC. raised its position in Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after acquiring an additional 1,395 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Rivian Automotive in the third quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Rivian Automotive in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Rivian’s $1.16 billion equity raise and higher 2026 guidance eased some liquidity concerns and sparked a rebound in the shares. Rivian Automotive (RIVN) Is Up 6.8% After $1.16 Billion Equity Raise And Higher 2026 Guidance
• Positive Sentiment: UBS increased its price target on Rivian, signaling improved analyst confidence in the company’s outlook. UBS Raises its Price Target on Rivian Automotive (RIVN)
• Neutral Sentiment: Barclays maintained a Hold rating on Rivian, suggesting a cautious but not outright negative stance. Barclays Keeps Their Hold Rating on Rivian Automotive (RIVN)
• Neutral Sentiment: Commentary comparing Rivian with Tesla argues Rivian’s R2 launch could make it the more compelling EV name, but the piece is opinion-based and not direct company news. Tesla and Rivian Are Both Down 12%. Here’s the Better Buy for the Second Half of 2026.
• Negative Sentiment: Rivian’s shares have also been weighed down by concerns over a difficult EV market, increased spending, and a recent stock offering that some investors see as a sign of ongoing financing pressure. Down 18%, Should You Buy Rivian Stock After Its Biggest 1-Day Drop Since November 2024?
• Negative Sentiment: A separate article said Rivian fell earlier this year because investors were disappointed by the EV environment and higher spending needs. Why Rivian Stock Fell 12% in the First Half of 2026

Rivian Automotive Price Performance

Rivian Automotive stock opened at $17.09 on Friday. The stock has a market capitalization of $21.21 billion, a P/E ratio of -5.85 and a beta of 1.60. Rivian Automotive, Inc. has a 12-month low of $11.57 and a 12-month high of $22.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. The firm’s 50-day moving average is $15.98 and its two-hundred day moving average is $16.10.

Rivian Automotive (NASDAQ:RIVN) last posted its quarterly earnings data on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business posted ($0.48) earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Equities analysts predict that Rivian Automotive, Inc. will post -3.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Karen Boone sold 20,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the director owned 110,000 shares in the company, valued at $2,200,000. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Rivian Automotive stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.00, for a total value 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 approximately $14,192,112. This represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 78,630 shares of company stock valued at $1,309,504. Company insiders own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RIVN. Tigress Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, April 10th. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Rivian Automotive in a research report on Friday, May 1st. Weiss Ratings raised Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Rivian Automotive in a report on Monday, June 15th. Finally, Jefferies Financial Group raised their price target on Rivian Automotive from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.86.

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.