Key Points
- Ibotta CTO Luke Roy Swanson sold 5,940 shares for approximately $145,352 at an average price of $24.47. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by only 1.21%.
- Ibotta reported quarterly adjusted earnings of $0.24 per share, beating the expected $0.21 loss, on revenue of $82.5 million. Management forecast third-quarter revenue of $86 million to $90 million and cited a new 7-Eleven partnership and retailer-network expansion as growth drivers.
- Analyst views remain mixed: price targets range from $32 to $45, while the consensus rating is “Reduce” with a $36.50 target. Institutional investors including Vanguard, Deutsche Bank and HSBC recently increased their holdings.
Ibotta, Inc. (NYSE:IBTA - Get Free Report) CTO Luke Roy Swanson sold 5,940 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $24.47, for a total transaction of $145,351.80. Following the sale, the chief technology officer owned 483,964 shares of the company's stock, valued at approximately $11,842,599.08. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Luke Roy Swanson also recently made the following trade(s):
- On Wednesday, July 1st, Luke Roy Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $35.14, for a total value of $208,731.60.
- On Thursday, June 4th, Luke Roy Swanson sold 5,940 shares of Ibotta stock. The stock was sold at an average price of $32.98, for a total value of $195,901.20.
Ibotta Stock Performance
IBTA opened at $35.42 on Thursday. The stock has a market capitalization of $715.48 million, a PE ratio of -75.36 and a beta of -0.44. The stock's 50 day moving average price is $31.44 and its 200-day moving average price is $29.09. Ibotta, Inc. has a 52-week low of $19.10 and a 52-week high of $40.49.
Ibotta (NYSE:IBTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.45. Ibotta had a negative net margin of 3.21% and a negative return on equity of 4.54%. The business had revenue of $82.48 million for the quarter. During the same quarter last year, the firm earned $0.02 EPS. The business's revenue was down 2.5% on a year-over-year basis. Research analysts forecast that Ibotta, Inc. will post 0.24 EPS for the current fiscal year.
Institutional Investors Weigh In On Ibotta
Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG raised its position in shares of Ibotta by 3,449.8% in the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the company's stock worth $8,408,000 after purchasing an additional 359,470 shares during the last quarter. Vanguard Group Inc. increased its stake in Ibotta by 17.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company's stock valued at $43,749,000 after purchasing an additional 232,027 shares in the last quarter. Marshall Wace LLP bought a new stake in Ibotta during the 2nd quarter valued at about $8,397,000. Hsbc Holdings PLC raised its holdings in Ibotta by 29.4% in the fourth quarter. Hsbc Holdings PLC now owns 993,977 shares of the company's stock worth $22,210,000 after buying an additional 226,021 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Ibotta by 933.0% in the fourth quarter. Jane Street Group LLC now owns 224,529 shares of the company's stock worth $5,104,000 after buying an additional 202,793 shares during the last quarter.
Key Stories Impacting Ibotta
Here are the key news stories impacting Ibotta this week:
- Positive Sentiment: Ibotta reported second-quarter adjusted earnings of $0.24 per share, substantially exceeding the consensus estimate of a $0.21 loss. Revenue was $82.5 million, while management forecast third-quarter revenue of $86 million to $90 million and said it expects to exit 2026 with mid-single-digit growth. Ibotta forecasts Q3 revenue of $86M-$90M
- Positive Sentiment: A new deal with 7-Eleven and continued expansion of Ibotta’s retailer network strengthened the growth outlook. Management emphasized network-driven performance during the earnings call, which helped fuel the initial post-results surge in the stock. Ibotta jumps after Q2 earnings beat and 7-Eleven deal
- Positive Sentiment: Analyst sentiment improved following the results. Wells Fargo raised its price target to $40 while maintaining an equal-weight rating, and Needham reaffirmed its buy rating with a $45 target, supporting the view that the shares may retain upside after the rally. Analyst price-target updates
- Neutral Sentiment: Chief Technology Officer Luke Roy Swanson sold 5,940 shares for approximately $145,000. The sale represented only 1.21% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance as a bearish signal. SEC insider transaction filing
Analyst Ratings Changes
Several analysts have weighed in on IBTA shares. Wall Street Zen raised Ibotta from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Ibotta in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of Ibotta from $28.00 to $32.00 and gave the company a "sell" rating in a report on Tuesday. UBS Group lifted their price target on shares of Ibotta from $30.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Evercore set a $42.00 price objective on shares of Ibotta in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Ibotta has an average rating of "Reduce" and a consensus price target of $36.50.
View Our Latest Stock Analysis on Ibotta
About Ibotta
(
Get Free Report)
Ibotta (NYSE: IBTA) is a Denver‐based mobile commerce platform that connects consumers, retailers and brands through a unified cash-back rewards experience. Users access the Ibotta mobile app or browser extension to unlock rebates on everyday purchases, redeemable on groceries, retail goods, travel bookings and digital services. The platform integrates with major supermarket chains, big‐box retailers and online merchants, enabling shoppers to earn automatic cash-back both in physical stores and across e-commerce channels.
Founded in 2012 by co‐founder and CEO Bryan Leach, Ibotta has evolved from a simple rebate app into a comprehensive performance marketing partner for consumer goods companies.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
