Clarius Group LLC Has $634,000 Holdings in Rivian Automotive, Inc. (NASDAQ:RIVN)

Clarius Group LLC raised its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 25.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,679 shares of the electric vehicle automaker’s stock after acquiring an additional 9,633 shares during the quarter. Clarius Group LLC’s holdings in Rivian Automotive were worth $634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Rivian Automotive by 52.5% during the third quarter. Baillie Gifford & Co. now owns 50,357,579 shares of the electric vehicle automaker’s stock worth $565,012,000 after acquiring an additional 17,341,786 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Rivian Automotive by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 13,000,392 shares of the electric vehicle automaker’s stock valued at $145,550,000 after purchasing an additional 223,860 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Rivian Automotive by 79.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,607,220 shares of the electric vehicle automaker’s stock valued at $51,693,000 after purchasing an additional 2,035,831 shares during the last quarter. abrdn plc raised its position in shares of Rivian Automotive by 17.8% in the third quarter. abrdn plc now owns 3,439,143 shares of the electric vehicle automaker’s stock valued at $38,587,000 after purchasing an additional 518,561 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Rivian Automotive by 102.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,479,559 shares of the electric vehicle automaker’s stock worth $33,276,000 after buying an additional 1,257,106 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rivian Automotive

In other news, CEO Robert J. Scaringe sold 71,429 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.17, for a total transaction of $1,155,006.93. Following the completion of the transaction, the chief executive officer now owns 863,361 shares of the company’s stock, valued at approximately $13,960,547.37. This trade represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Claire Mcdonough sold 3,210 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.03, for a total value of $32,196.30. Following the completion of the sale, the chief financial officer now owns 378,498 shares of the company’s stock, valued at $3,796,334.94. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 327,429 shares of company stock worth $4,467,450. 2.51% of the stock is currently owned by insiders.

Rivian Automotive Trading Down 1.6 %

NASDAQ RIVN opened at $14.21 on Friday. The company has a market cap of $14.50 billion, a price-to-earnings ratio of -2.54 and a beta of 2.05. Rivian Automotive, Inc. has a twelve month low of $8.26 and a twelve month high of $18.85. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The business’s fifty day moving average is $12.96 and its 200 day moving average is $13.06.

Analyst Upgrades and Downgrades

RIVN has been the topic of several research reports. Needham & Company LLC decreased their target price on Rivian Automotive from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 target price on shares of Rivian Automotive in a research report on Monday, January 6th. Mizuho cut their price target on Rivian Automotive from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Robert W. Baird restated a “neutral” rating and set a $16.00 price objective (down previously from $18.00) on shares of Rivian Automotive in a research note on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Rivian Automotive in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.48.

Rivian Automotive Company Profile

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.