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Arkadios Wealth Advisors Invests $260,000 in Rivian Automotive, Inc. (NASDAQ:RIVN)

Rivian Automotive logoArkadios Wealth Advisors acquired a brand new place in shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Ranking) in the course of the third quarter, based on the corporate’s most up-to-date Kind 13F submitting with the Securities and Change Fee. The institutional investor acquired 7,890 shares of the electrical car automaker’s inventory, valued at roughly $260,000.

A variety of different institutional buyers and hedge funds additionally lately made modifications to their positions within the inventory. Bartlett & Co. LLC raised its holdings in shares of Rivian Automotive by 104.2% within the 2nd quarter. Bartlett & Co. LLC now owns 980 shares of the electrical car automaker’s inventory price $25,000 after buying an extra 500 shares over the past quarter. Harmony Wealth Companions acquired a brand new stake in shares of Rivian Automotive within the 2nd quarter price about $25,000. Enterprise Visionary Companions LLC acquired a brand new stake in shares of Rivian Automotive within the 2nd quarter price about $27,000. Seeyond acquired a brand new stake in shares of Rivian Automotive within the 2nd quarter price about $27,000. Lastly, Exane Derivatives acquired a brand new stake in shares of Rivian Automotive within the 2nd quarter price about $28,000. Institutional buyers personal 67.97% of the corporate’s inventory.

Rivian Automotive Inventory Down 1.6 %

RIVN opened at 18.43 on Friday. The corporate has a 50 day shifting common of 28.29 and a 200 day shifting common of 31.26. Rivian Automotive, Inc. has a 12 month low of 17.45 and a 12 month excessive of 106.80. The corporate has a fast ratio of 6.39, a present ratio of 6.84 and a debt-to-equity ratio of 0.08.

Need Extra Nice Funding Concepts?

Rivian Automotive (NASDAQ:RIVN – Get Ranking) final launched its quarterly earnings knowledge on Wednesday, November ninth. The electrical car automaker reported -1.57 EPS for the quarter, topping the consensus estimate of -1.78 by 0.21. The corporate had income of 536.00 million in the course of the quarter, in comparison with the consensus estimate of 513.89 million. Rivian Automotive had a detrimental internet margin of 714.01% and a detrimental return on fairness of 32.42%. Equities analysts anticipate that Rivian Automotive, Inc. will submit -7.46 EPS for the present fiscal yr.

Insider Shopping for and Promoting at Rivian Automotive

In different Rivian Automotive information, CFO Claire Mcdonough bought 14,235 shares of the agency’s inventory in a transaction on Tuesday, November fifteenth. The shares had been bought at a median worth of 34.92, for a complete worth of 497,086.20. Following the completion of the transaction, the chief monetary officer now immediately owns 81,151 shares of the corporate’s inventory, valued at roughly 2,833,792.92. The sale was disclosed in a authorized submitting with the SEC, which might be accessed through the SEC web site. In different Rivian Automotive information, CFO Claire Mcdonough bought 14,235 shares of the agency’s inventory in a transaction on Tuesday, November fifteenth. The shares had been bought at a median worth of 34.92, for a complete worth of 497,086.20. Following the completion of the transaction, the chief monetary officer now immediately owns 81,151 shares of the corporate’s inventory, valued at roughly 2,833,792.92. The sale was disclosed in a authorized submitting with the SEC, which might be accessed through the SEC web site. Additionally, CAO Jeff Baker bought 1,689 shares of the agency’s inventory in a transaction on Tuesday, November fifteenth. The shares had been bought at a median worth of 34.38, for a complete transaction of 58,067.82. Following the completion of the transaction, the chief accounting officer now immediately owns 89,331 shares of the corporate’s inventory, valued at 3,071,199.78. The disclosure for this sale might be discovered right here. Insiders personal 2.34% of the corporate’s inventory.

Wall Road Analyst Weigh In

RIVN has been the topic of a number of analyst stories. Wedbush decreased their worth goal on shares of Rivian Automotive from $45.00 to $37.00 and set an “outperform” ranking for the corporate in a analysis be aware on Thursday, November tenth. Deutsche Financial institution Aktiengesellschaft decreased their worth goal on shares of Rivian Automotive from $44.00 to $43.00 in a analysis be aware on Thursday, November tenth. DA Davidson decreased their worth goal on shares of Rivian Automotive from $27.00 to $23.00 and set an “underperform” ranking for the corporate in a analysis be aware on Thursday, November tenth. Truist Monetary initiated protection on shares of Rivian Automotive in a analysis be aware on Wednesday, September twenty eighth. They issued a “purchase” ranking and a $65.00 worth goal for the corporate. Lastly, Canaccord Genuity Group decreased their worth goal on shares of Rivian Automotive from $61.00 to $55.00 and set a “purchase” ranking for the corporate in a analysis be aware on Thursday, November tenth. Two fairness analysis analysts have rated the inventory with a promote ranking, six have assigned a maintain ranking and fourteen have given a purchase ranking to the inventory. In keeping with MarketBeat, the corporate at present has a median ranking of “Average Purchase” and a consensus worth goal of 45.14.

Rivian Automotive Firm Profile

(Get Ranking)

Rivian Automotive, Inc designs, develops, manufactures, and sells electrical automobiles and equipment. The corporate presents five-passenger pickup vehicles and sports activities utility automobiles. It gives a Rivian Industrial Car platform for electrical Supply Vans with collaboration with Amazon.com. The corporate sells its merchandise on to clients within the shopper and business markets.

See Additionally

Need to see what different hedge funds are holding RIVN? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Rivian Automotive, Inc. (NASDAQ:RIVN – Get Ranking).

Institutional Ownership by Quarter for Rivian Automotive (NASDAQ:RIVN)

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