M&T Bank Corp Sells 44,469 Shares of Rivian Automotive, Inc. $RIVN

M&T Bank Corp lowered its position in Rivian Automotive, Inc. (NASDAQ:RIVN) by 49.0% in the 4th quarter, Holdings Channel reports. The firm owned 46,351 shares of the electric vehicle automaker’s stock after selling 44,469 shares during the quarter. M&T Bank Corp’s holdings in Rivian Automotive were worth $914,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC bought a new stake in Rivian Automotive in the fourth quarter worth about $215,000. Bayforest Capital Ltd bought a new stake in Rivian Automotive in the fourth quarter worth about $507,000. Asset Management One Co. Ltd. lifted its stake in Rivian Automotive by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 359,699 shares of the electric vehicle automaker’s stock worth $7,430,000 after purchasing an additional 19,107 shares during the last quarter. Merit Financial Group LLC lifted its stake in Rivian Automotive by 3.2% in the fourth quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock worth $456,000 after purchasing an additional 718 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Rivian Automotive by 28.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,686 shares of the electric vehicle automaker’s stock worth $427,000 after purchasing an additional 4,740 shares during the last quarter. Institutional investors own 66.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RIVN. Cantor Fitzgerald reissued a “neutral” rating on shares of Rivian Automotive in a research note on Monday, February 9th. Wall Street Zen raised shares of Rivian Automotive from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $22.00 target price on shares of Rivian Automotive in a research report on Monday, April 6th. Bank of America started coverage on shares of Rivian Automotive in a research report on Wednesday, March 4th. They set an “underperform” rating and a $14.00 target price on the stock. Finally, DA Davidson raised shares of Rivian Automotive from an “underperform” rating to a “neutral” rating and set a $14.00 target price on the stock in a research report on Wednesday, April 1st. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rivian Automotive presently has an average rating of “Hold” and an average price target of $18.05.

Rivian Automotive News Roundup

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

• Positive Sentiment: Q1 results beat estimates — Rivian reported adjusted EPS of ($0.54) beating consensus and revenue of $1.38B (+11.4% YoY), showing top-line momentum and an EPS surprise that underpinned after?hours buying. Rivian Releases First Quarter 2026 Financial Results
• Positive Sentiment: R2 production and software revenue begin — Rivian has started R2 production and cited growing software & services revenue (higher-margin opportunity), which supports the narrative of expanding addressable market and future profitability upside. Rivian Automotive gets a boost from software sales, begins R2 production
• Positive Sentiment: Georgia plant initial capacity raised to 300k units — Management announced an optimized capacity plan (50% increase to 300k initial capacity) aimed at lowering per?unit costs and preserving room for future expansion. That improves long?term unit economics if demand materializes. Rivian Announces Optimized Capacity Plan for Georgia Plant
• Positive Sentiment: DOE loan amended to speed access — Rivian renegotiated the DOE loan to a $4.5B facility that can be drawn earlier (2027), improving near?term liquidity timing even though the total was reduced. Quicker access to funds eases short?term financing risk. Rivian says US loan for Georgia plant set to be smaller but quicker
• Neutral Sentiment: Analyst previews and metric deep dives — Several previews and metric-focused pieces highlight that investors will be watching R2 ramp, pricing, and cash burn; these shape expectations but are not new developments. Here’s What Key Metrics Tell Us About Rivian Automotive (RIVN) Q1 Earnings
• Negative Sentiment: Profitability and cash?burn remain concerns — Despite the beat, Rivian is still unprofitable with wide negative margins and high cash burn; investors will expect clear R2 ramp execution before repricing valuation materially. Rivian Q1 earnings and metrics
• Negative Sentiment: Smaller DOE loan vs. original allocation — The reduction from the initially announced ~$6.6B to $4.5B lowers total available government financing vs. prior expectations, which could constrain long?term funding if capital needs rise. Rivian renegotiates DOE loan, adjusts capacity plans for Georgia plant

Rivian Automotive Stock Performance

Shares of NASDAQ:RIVN opened at $16.40 on Friday. The firm has a market cap of $20.35 billion, a PE ratio of -5.34 and a beta of 1.69. The firm’s 50 day simple moving average is $15.71 and its 200-day simple moving average is $16.18. Rivian Automotive, Inc. has a one year low of $11.57 and a one year high of $22.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33.

Rivian Automotive (NASDAQ:RIVN) last issued its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.14. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The company’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same period last year, the company posted ($0.70) earnings per share. As a group, equities analysts predict that Rivian Automotive, Inc. will post -3.04 EPS for the current year.

Insider Activity at Rivian Automotive

In related news, CEO Robert J. Scaringe sold 34,900 shares of Rivian Automotive stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $586,320.00. Following the transaction, the chief executive officer directly owned 1,044,731 shares of the company’s stock, valued at $17,551,480.80. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Claire Mcdonough sold 27,133 shares of Rivian Automotive stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $455,834.40. Following the transaction, the chief financial officer directly owned 680,836 shares in the company, valued at approximately $11,438,044.80. The trade was a 3.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 148,888 shares of company stock worth $2,411,276. 2.16% of the stock is currently owned by corporate insiders.

Rivian Automotive 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.