Global Trust Asset Management LLC Invests $31,000 in Rivian Automotive, Inc. (NASDAQ:RIVN)

Global Have confidence in Asset Administration LLC obtained a new stake in Rivian Automotive, Inc. (NASDAQ:RIVN – Get Rating) in the course of the 1st quarter, according to its most latest 13F filing with the Securities & Exchange Fee. The fund acquired 610 shares of the electric powered vehicle automaker’s inventory, valued at roughly $31,000.

A variety of other institutional traders have also just lately modified their holdings of the small business. Sargent Bickham Lagudis LLC acquired a new stake in shares of Rivian Automotive in the course of the fourth quarter worthy of around $25,000. Worldwide Wealth Administration Expenditure Advisory Inc. bought a new place in shares of Rivian Automotive in the fourth quarter valued at about $25,000. Baldwin Brothers LLC MA acquired a new situation in Rivian Automotive through the 4th quarter well worth about $26,000. Retirement Team LLC acquired a new stake in Rivian Automotive throughout the 4th quarter value about $26,000. At last, Lumature Wealth Partners LLC obtained a new stake in Rivian Automotive in the 4th quarter valued at about $26,000. 78.67% of the stock is at this time owned by hedge cash and other institutional buyers.

Quite a few analysis corporations have issued stories on RIVN. Wolfe Investigation diminished their rate aim on Rivian Automotive from $130.00 to $78.00 and set an “outperform” score on the inventory in a report on Friday, March 11th. Exane BNP Paribas lifted shares of Rivian Automotive from an “underperform” rating to a “neutral” rating in a report on Thursday, May 12th. Morgan Stanley dropped their target selling price on Rivian Automotive from $85.00 to $60.00 and set an “overweight” ranking on the stock in a investigation report on Tuesday, Could 17th. Deutsche Financial institution Aktiengesellschaft lowered their rate goal on shares of Rivian Automotive from $90.00 to $69.00 in a study report on Friday, May perhaps 13th. Ultimately, Barclays reduced their focus on cost on Rivian Automotive from $38.00 to $24.00 in a study note on Friday, May 13th. One particular investigate analyst has rated the inventory with a offer ranking, 6 have assigned a hold ranking and twelve have assigned a acquire score to the company’s inventory. In accordance to info from MarketBeat.com, Rivian Automotive presently has a consensus rating of “Moderate Buy” and a consensus concentrate on price tag of 70.41.

In similar information, Director Jay T. Flatley purchased 40,000 shares of the business’s stock in a transaction that happened on Thursday, May well 26th. The shares were being acquired at an average selling price of 29.31 per share, with a whole worth of 1,172,400.00. Next the completion of the transaction, the director now immediately owns 92,616 shares in the organization, valued at 2,714,574.96. The transaction was disclosed in a submitting with the Securities & Trade Commission, which is available by means of this hyperlink. Also, main shareholder Motor Co Ford marketed 8,000,000 shares of the stock in a transaction on Monday, May perhaps 9th. The shares were being bought at an normal cost of 26.80, for a whole price of 214,400,000.00. Pursuing the completion of the sale, the insider now right owns 93,947,494 shares of the company’s stock, valued at 2,517,792,839.20. The disclosure for this sale can be located listed here. About the very last 3 months, insiders have sold 15,006,926 shares of business inventory valued at $402,737,029. 2.34% of the stock is at this time owned by insiders.

Shares of Rivian Automotive stock opened at 29.50 on Monday. Rivian Automotive, Inc. has a 52 7 days lower of 19.25 and a 52 7 days high of 179.47. The stock has a 50 day relocating ordinary selling price of 29.46 and a two-hundred day going normal selling price of 53.65. The organization has a personal debt-to-equity ratio of .07, a existing ratio of 11.19 and a brief ratio of 10.86.

Rivian Automotive (NASDAQ:RIVN – Get Rating) very last posted its quarterly earnings results on Wednesday, May possibly 11th. The electrical motor vehicle automaker claimed -1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of -1.50 by .07. The company had earnings of 95.00 million throughout the quarter, as opposed to analyst estimates of 113.64 million. As a group, promote-aspect analysts predict that Rivian Automotive, Inc. will submit -6.39 earnings for every share for the latest calendar year.

Rivian Automotive Corporation Profile (Get Score)

Rivian Automotive, Inc styles, develops, manufactures, and sells electric vehicles and extras. The business provides 5-passenger pickup trucks and sports utility cars. It gives Rivian Professional Car platform for electric Shipping Van with collaboration with Amazon.com. The company sells its products right to customers in the customer and industrial markets.

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