Rivian Automotive Inc (RIVN, Financial), an electric vehicle automaker that designs, develops, manufactures, and sells electric vehicles and accessories in the United States, has reported a significant insider sell transaction. According to a recent SEC filing, Chief Accounting Officer Jeff Baker sold 31,425 shares of the company on March 11, 2024. The transaction was executed at an average price of $13.18 per share, resulting in a total value of $414,367.50. Following this transaction, the insider's stake in Rivian Automotive Inc has decreased, reflecting a notable change in their holdings. Over the past year, Jeff Baker has been actively managing his investment in the company, selling a total of 82,223 shares and making no purchases. This latest sell transaction continues the trend observed in the insider's trading behavior. 
The insider transaction history for Rivian Automotive Inc shows a pattern of insider sales over the past year, with 8 recorded sells and no insider buys. This could suggest a consensus among insiders about the stock's valuation or future prospects. On the valuation front, Rivian Automotive Inc's shares were trading at $13.18 on the day of the insider's recent sell, giving the company a market capitalization of approximately $12.1 billion. This valuation reflects the market's current assessment of the company's worth based on its stock price and outstanding shares. Investors and market analysts often monitor insider trading activities, such as those of Jeff Baker, to gain insights into a company's internal perspectives and potential future direction. However, it is important to consider a wide range of factors when evaluating the implications of insider transactions. For more detailed information on Rivian Automotive Inc's insider trading activities, including historical transaction data and context, investors can refer to the full SEC filing.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
