2 weeks Ago By ABMN Staff
Townsquare Capital LLC boosted its holdings in Rivian Automotive, Inc. ( NASDAQ:RIVN – Free Report ) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 29,731 shares of the electric vehicle automaker’s stock after acquiring an additional 6,303 shares during the period. Townsquare Capital LLC’s holdings in Rivian Automotive were worth $395,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also recently added to or reduced their stakes in RIVN.
Virtu Financial LLC acquired a new stake in shares of Rivian Automotive in the third quarter valued at approximately $4,184,000. Sanctuary Advisors LLC grew its holdings in Rivian Automotive by 9.0% during the 3rd quarter.
Sanctuary Advisors LLC now owns 44,675 shares of the electric vehicle automaker’s stock valued at $457,000 after buying an additional 3,681 shares during the last quarter. World Investment Advisors LLC increased its position in Rivian Automotive by 8.6% during the third quarter.
World Investment Advisors LLC now owns 18,165 shares of the electric vehicle automaker’s stock worth $204,000 after buying an additional 1,446 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Rivian Automotive in the third quarter worth $28,000. Finally, Tidal Investments LLC lifted its position in shares of Rivian Automotive by 28.
8% in the third quarter. Tidal Investments LLC now owns 268,952 shares of the electric vehicle automaker’s stock valued at $3,018,000 after acquiring an additional 60,205 shares in the last quarter. 66.
25% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several brokerages recently weighed in on RIVN. Cowen assumed coverage on shares of Rivian Automotive in a research note on Thursday, March 6th.
They issued a “hold” rating for the company. TD Cowen initiated coverage on shares of Rivian Automotive in a research note on Friday, March 7th. They set a “hold” rating and a $12.
70 price objective on the stock. Benchmark restated a “buy” rating and set a $18.00 target price on shares of Rivian Automotive in a research report on Tuesday, March 18th.
Truist Financial increased their price target on Rivian Automotive from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th.
Finally, Sanford C. Bernstein started coverage on Rivian Automotive in a research report on Wednesday, January 29th. They issued an “underperform” rating and a $6.
10 price objective for the company. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has an average rating of “Hold” and a consensus price target of $14.17. Rivian Automotive Price Performance Shares of NASDAQ RIVN opened at $11.
60 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.
09 and a quick ratio of 3.70. Rivian Automotive, Inc.
has a 1-year low of $8.32 and a 1-year high of $18.86.
The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of -2.46 and a beta of 1.
89. The business has a 50-day moving average of $11.89 and a 200-day moving average of $12.
09. Rivian Automotive ( NASDAQ:RIVN – Get Free Report ) last released its quarterly earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.
63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.06.
Rivian Automotive had a negative return on equity of 66.26% and a negative net margin of 95.51%.
The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.43 billion.
On average, equities analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.
Insider Activity at Rivian Automotive In other Rivian Automotive news, CEO Robert J. Scaringe sold 35,713 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $13.
76, for a total transaction of $491,410.88. Following the completion of the sale, the chief executive officer now owns 863,361 shares in the company, valued at $11,879,847.
36. This trade represents a 3.97 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, CFO Claire Mcdonough sold 6,856 shares of Rivian Automotive stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $14.
26, for a total value of $97,766.56. Following the sale, the chief financial officer now owns 335,076 shares in the company, valued at $4,778,183.
76. This represents a 2.01 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders sold 185,427 shares of company stock valued at $2,237,044. Corporate insiders own 2.
51% of the company’s stock. Rivian Automotive 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.
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