Key Points
- Ibotta CTO Luke Swanson sold 5,940 shares at an average price of $36.96, generating $219,542.40. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 1.26% to 466,132 shares.
- IBTA opened at $37.19, near the analyst consensus target of $36.50. Analysts’ consensus rating is “Reduce,” with one Buy, four Hold, and three Sell ratings.
- Institutional interest has increased, including a 6,672.2% stake expansion by California State Teachers Retirement System and sizable additions by Bank of America and Renaissance Technologies.
Ibotta, Inc. (NYSE:IBTA - Get Free Report) insider Marisa Daspit sold 1,712 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $37.01, for a total transaction of $63,361.12. Following the completion of the sale, the insider directly owned 120,207 shares of the company's stock, valued at approximately $4,448,861.07. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marisa Daspit also recently made the following trade(s):
- On Wednesday, September 2nd, Marisa Daspit sold 2,956 shares of Ibotta stock. The shares were sold at an average price of $37.46, for a total value of $110,731.76.
Ibotta Stock Performance
Shares of NYSE IBTA opened at $37.19 on Friday. Ibotta, Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $40.49. The company has a market cap of $751.24 million, a price-to-earnings ratio of -79.13 and a beta of -0.25. The business's 50 day moving average price is $33.52 and its 200-day moving average price is $31.39.
Analyst Ratings Changes
IBTA has been the topic of a number of recent analyst reports. Evercore set a $42.00 target price on Ibotta in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Ibotta from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. UBS Group upped their price target on shares of Ibotta from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Ibotta in a research note on Tuesday, August 4th. Finally, Zacks Research raised shares of Ibotta from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $36.50.
View Our Latest Analysis on IBTA
Institutional Investors Weigh In On Ibotta
Several hedge funds have recently modified their holdings of IBTA. Vanguard Group Inc. boosted its stake in shares of Ibotta by 17.3% during the third 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. Hsbc Holdings PLC raised its stake in Ibotta by 1.5% in the first quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company's stock worth $30,581,000 after buying an additional 15,310 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Ibotta by 23.2% during the third quarter. BNP Paribas Financial Markets now owns 407,936 shares of the company's stock worth $11,361,000 after buying an additional 76,835 shares during the period. Deutsche Bank AG lifted its holdings in Ibotta by 3,449.8% during the fourth quarter. Deutsche Bank AG now owns 369,890 shares of the company's stock worth $8,408,000 after buying an additional 359,470 shares during the period. Finally, California State Teachers Retirement System boosted its position in Ibotta by 6,672.2% during the 2nd quarter. California State Teachers Retirement System now owns 351,882 shares of the company's stock valued at $12,020,000 after acquiring an additional 346,686 shares in the last quarter.
Ibotta Company Profile
(
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.
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