Rivian Automotive, Inc. $RIVN Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 47.9% during the first quarter, Holdings Channel.com reports. The fund owned 394,487 shares of the electric vehicle automaker’s stock after acquiring an additional 127,788 shares during the quarter. Edgestream Partners L.P.’s holdings in Rivian Automotive were worth $5,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIVN. Illinois Municipal Retirement Fund lifted its stake in Rivian Automotive by 1.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock valued at $853,000 after purchasing an additional 686 shares during the last quarter. Merit Financial Group LLC grew its position 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 buying an additional 718 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Rivian Automotive by 36.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock worth $54,000 after buying an additional 739 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Rivian Automotive by 0.6% in the fourth quarter. Utah Retirement Systems now owns 128,500 shares of the electric vehicle automaker’s stock valued at $2,533,000 after buying an additional 744 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of Rivian Automotive by 5.7% in the fourth quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker’s stock valued at $277,000 after buying an additional 753 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive News Roundup

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

• Positive Sentiment: Rivian reported second-quarter revenue of $1.66 billion, up 27.2% year over year and above analysts’ approximately $1.52 billion estimate. The company also reported a loss of $0.47 per share, narrower than the $0.66-$0.65 consensus loss and the $0.80 loss a year earlier. Rivian beats quarterly revenue estimates as R2 launch, software business gain traction
• Positive Sentiment: The launch of external R2 deliveries is the central bullish catalyst. Management described the SUV as a potential “game changer,” while early demand and a stronger-than-expected conversion rate for the R2S Launch Edition could broaden Rivian’s customer base and improve its path to profitability. Rivian’s turnaround gains traction as R2 demand exceeds expectations
• Positive Sentiment: Automotive losses narrowed, gross margins improved sharply, and the software and services business added momentum. Rivian also maintained or improved its full-year delivery outlook at roughly 65,000 to 70,000 vehicles, signaling confidence in demand and the production ramp. Rivian Q2 2026 earnings: revenue up 27%, gross margins soaring
• Positive Sentiment: Rivian reduced its 2026 spending plans and slightly narrowed its expected annual losses, which may help preserve liquidity while the company funds the R2 ramp. Rivian reduces 2026 spending plans, narrows earnings guidance
• Neutral Sentiment: A proposed Uber investment of up to $1.2 billion and potential purchases of as many as 50,000 R2 vehicles could provide meaningful future volume and robotaxi-related opportunities, but the agreement remains an execution and demand-dependent catalyst. Uber Agrees to Invest up to $1.2 Billion in Rivian
• Negative Sentiment: Rivian remains loss-making, with deeply negative margins and return on equity. Investors must still see sustained production improvements, successful R2 execution and a credible route to positive cash flow.
• Negative Sentiment: The broader U.S. EV market faces headwinds from the expiration of federal tax credits, while competition and potentially weaker consumer incentives could pressure demand and pricing. EV Investing: Why RIVN Faces Headwinds While TSLA Offers Upside

Rivian Automotive Price Performance

Shares of NASDAQ:RIVN opened at $16.83 on Friday. The company’s fifty day moving average is $16.56 and its two-hundred day moving average is $15.89. 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 company has a market cap of $22.91 billion, a P/E ratio of -5.76 and a beta of 1.60.

Rivian Automotive (NASDAQ:RIVN) last released its earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.05. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Rivian Automotive had a negative return on equity of 75.65% and a negative net margin of 63.62%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) earnings per share. Equities analysts expect that Rivian Automotive, Inc. will post -3.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. DA Davidson raised their price objective on Rivian Automotive from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Rivian Automotive in a research report on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 target price on shares of Rivian Automotive in a report on Wednesday, June 10th. Tigress Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, April 10th. Finally, Jefferies Financial Group lifted their price target on Rivian Automotive from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.95.

Insider Activity

In related news, CEO Robert J. Scaringe sold 34,818 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $522,270.00. Following the transaction, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the sale, the director directly owned 110,000 shares of the company’s stock, valued at approximately $2,200,000. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 68,385 shares of company stock worth $1,125,094. 1.48% of the stock is owned by corporate insiders.

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.