38,648 Shares in Rivian Automotive, Inc. $RIVN Acquired by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,648 shares of the electric vehicle automaker’s stock, valued at approximately $762,000.

Several other hedge funds have also added to or reduced their stakes in the business. Merit Financial Group LLC boosted its position in Rivian Automotive by 3.2% during the 4th quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock worth $456,000 after buying an additional 718 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Rivian Automotive by 36.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock worth $54,000 after purchasing an additional 739 shares during the period. Prospera Financial Services Inc lifted its position in shares of Rivian Automotive by 5.2% in the 3rd quarter. Prospera Financial Services Inc now owns 15,803 shares of the electric vehicle automaker’s stock worth $232,000 after purchasing an additional 775 shares during the period. Siemens Fonds Invest GmbH lifted its position in shares of Rivian Automotive by 7.7% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 10,874 shares of the electric vehicle automaker’s stock worth $160,000 after purchasing an additional 780 shares during the period. Finally, Equitable Holdings Inc. lifted its position in shares of Rivian Automotive by 5.8% in the 3rd quarter. Equitable Holdings Inc. now owns 14,699 shares of the electric vehicle automaker’s stock worth $216,000 after purchasing an additional 803 shares during the period. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Rivian Automotive Stock Up 6.4%

Rivian Automotive stock opened at $13.73 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.10 and a debt-to-equity ratio of 1.00. Rivian Automotive, Inc. has a 12-month low of $11.57 and a 12-month high of $22.69. The firm’s fifty day moving average is $15.41 and its 200 day moving average is $16.29. The company has a market capitalization of $17.04 billion, a PE ratio of -4.70 and a beta of 1.64.

Insiders Place Their Bets

In related news, CFO Claire Mcdonough sold 10,245 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $18.00, for a total transaction of $184,410.00. Following the transaction, the chief financial officer owned 946,814 shares in the company, valued at $17,042,652. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 21,446 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $16.17, for a total transaction of $346,781.82. Following the transaction, the chief executive officer owned 1,001,138 shares in the company, valued at $16,188,401.46. The trade was a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 92,399 shares of company stock worth $1,443,578 in the last quarter. 2.16% of the stock is owned by corporate insiders.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Traders bought 217,446 Rivian call options on Wednesday, about 72% above normal volume, signaling strong speculative demand for upside in Rivian Automotive (RIVN).
• Positive Sentiment: Recent commentary highlighted Rivian’s R2 rollout, Volkswagen and Uber partnerships, and growing autonomy revenue as potential margin boosters that could support delivery growth in 2026. Article link
• Positive Sentiment: Several recent articles frame Rivian as a longer-term growth story, pointing to software monetization and the R2 platform as possible drivers of significant stock upside. Article link
• Neutral Sentiment: Rivian CFO Claire Mcdonough sold 5,544 shares under a pre-arranged 10b5-1 plan to cover tax withholding tied to equity vesting; the sale is routine, but insider selling can still soften sentiment. SEC filing
• Neutral Sentiment: Wall Street remains mixed on Rivian Automotive (RIVN), with an average “Hold” rating, suggesting investors are waiting for clearer execution before committing more aggressively. Article link
• Negative Sentiment: Some recent weakness reflects broader risk-off pressure in high-beta consumer discretionary stocks, which can weigh on Rivian even when company-specific news is positive. Article link
• Negative Sentiment: Bearish coverage also continues to emphasize Rivian’s cash burn, production-scale challenges, and steep decline from prior highs, keeping valuation concerns in focus. Article link

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and boosted their price target for the stock from $16.00 to $23.00 in a research report on Friday, February 13th. Weiss Ratings downgraded shares of Rivian Automotive from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. DA Davidson boosted their price target on shares of Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. Finally, Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.57.

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.