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

Clarius Group LLC lifted its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 25.3% during the 4th quarter, Holdings Channel reports. The firm owned 47,679 shares of the electric vehicle automaker’s stock after purchasing 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 quarter.

A number of other hedge funds have also added to or reduced their stakes in RIVN. Wilmington Savings Fund Society FSB acquired a new stake in Rivian Automotive in the third quarter worth $28,000. GHP Investment Advisors Inc. grew its stake in shares of Rivian Automotive by 63.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 2,588 shares of the electric vehicle automaker’s stock valued at $29,000 after buying an additional 1,002 shares during the period. American Capital Advisory LLC increased its position in Rivian Automotive by 267.6% in the 3rd quarter. American Capital Advisory LLC now owns 2,900 shares of the electric vehicle automaker’s stock valued at $33,000 after buying an additional 2,111 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Rivian Automotive by 2,636.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,010 shares of the electric vehicle automaker’s stock worth $34,000 after buying an additional 2,900 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Rivian Automotive in the third quarter worth approximately $44,000. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive Stock Performance

Shares of RIVN opened at $14.21 on Friday. Rivian Automotive, Inc. has a 1 year low of $8.26 and a 1 year high of $18.85. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.09 and a quick ratio of 3.70. The stock’s fifty day moving average price is $12.96 and its two-hundred day moving average price is $13.06. The firm has a market cap of $14.50 billion, a PE ratio of -2.54 and a beta of 2.05.

Insider Buying and Selling at Rivian Automotive

In related news, CFO Claire Mcdonough sold 3,210 shares of Rivian Automotive stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 378,498 shares in the company, valued at approximately $3,796,334.94. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Scaringe sold 83,334 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $11.25, for a total value of $937,507.50. Following the sale, the chief executive officer now owns 863,361 shares in the company, valued at approximately $9,712,811.25. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,429 shares of company stock valued at $4,467,450 over the last three months. 2.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Rivian Automotive from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, October 22nd. Barclays lowered their price objective on shares of Rivian Automotive from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Baird R W cut shares of Rivian Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on shares of Rivian Automotive from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Truist Financial lifted their price target on Rivian Automotive from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.48.

About Rivian Automotive

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.