Ibotta (NYSE:IBTA) Stock: Insider Luke Roy Swanson Sells 10,131 Shares

Key Points

• Ibotta CTO Luke Roy Swanson sold 10,131 shares at an average price of $49.60, for about $502,498. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 421,102 shares afterward.
• Ibotta reported quarterly revenue of $97.83 million, up 17.4% year over year, and EPS of $0.62, beating the $0.13 consensus estimate.
• Shares recently traded at $62.52, while analysts’ consensus rating was “Reduce” with a $50 price target; several firms had recently raised their targets or ratings.

Ibotta, Inc. (NYSE:IBTA - Get Free Report) CTO Luke Swanson sold 10,131 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $49.60, for a total transaction of $502,497.60. Following the sale, the chief technology officer owned 421,102 shares of the company's stock, valued at approximately $20,886,659.20. This represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luke Roy Swanson also recently made the following trade(s):

• On Tuesday, November 3rd, Luke Swanson sold 30,206 shares of Ibotta stock. The stock was sold at an average price of $62.20, for a total transaction of $1,878,813.20.
• On Tuesday, November 3rd, Luke Swanson sold 3,094 shares of Ibotta stock. The shares were sold at an average price of $59.90, for a total transaction of $185,330.60.
• On Monday, November 2nd, Luke Swanson sold 10,031 shares of Ibotta stock. The stock was sold at an average price of $49.55, for a total value of $497,036.05.
• On Thursday, October 22nd, Luke Swanson sold 3,484 shares of Ibotta stock. The shares were sold at an average price of $49.96, for a total transaction of $174,060.64.
• On Thursday, October 22nd, Luke Swanson sold 3,695 shares of Ibotta stock. The shares were sold at an average price of $49.97, for a total transaction of $184,639.15.
• On Wednesday, October 21st, Luke Swanson sold 9,075 shares of Ibotta stock. The shares were sold at an average price of $49.91, for a total value of $452,933.25.
• On Wednesday, October 21st, Luke Swanson sold 8,764 shares of Ibotta stock. The stock was sold at an average price of $49.92, for a total transaction of $437,498.88.
• On Thursday, October 1st, Luke Swanson sold 5,940 shares of Ibotta stock. The stock was sold at an average price of $39.79, for a total value of $236,352.60.
• On Thursday, September 10th, Luke Swanson sold 20,100 shares of Ibotta stock. The stock was sold at an average price of $40.04, for a total transaction of $804,804.00.
• On Tuesday, September 1st, Luke Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $36.96, for a total transaction of $219,542.40.

Ibotta Trading Up 3.6%

IBTA stock traded up $2.17 during midday trading on Wednesday, reaching $62.52. The stock had a trading volume of 1,286,017 shares, compared to its average volume of 267,465. Ibotta, Inc. has a 52-week low of $19.10 and a 52-week high of $66.39. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -93.31 and a beta of -0.46. The company's fifty day simple moving average is $42.92 and its 200 day simple moving average is $33.05.

Ibotta (NYSE:IBTA - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.49. The firm had revenue of $97.83 million for the quarter. Ibotta had a negative net margin of 4.49% and a negative return on equity of 5.40%. The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. Sell-side analysts predict that Ibotta, Inc. will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Ibotta

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its stake in Ibotta by 29.4% during the 4th quarter. Hsbc Holdings PLC now owns 993,977 shares of the company's stock valued at $22,210,000 after purchasing an additional 226,021 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Ibotta by 17.8% in the 1st quarter. Bank of America Corp DE now owns 239,167 shares of the company's stock worth $7,168,000 after acquiring an additional 36,223 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Ibotta by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 239,300 shares of the company's stock worth $7,172,000 after purchasing an additional 35,992 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Ibotta by 32.9% in the third quarter. State of Alaska Department of Revenue now owns 1,083 shares of the company's stock valued at $42,000 after purchasing an additional 268 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Ibotta in the second quarter worth $328,000.

Trending Headlines about Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Third-quarter revenue rose 17% year over year to $97.8 million, beating estimates, while adjusted EPS of $0.62 substantially exceeded forecasts. Adjusted EBITDA also increased 43%. Ibotta Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Growth indicators pointed to a stronger business: redemption revenue increased 23%, the redeemer base grew 30% to 23.6 million, and third-party publisher redemption revenue rose 43%. Coverage attributed the recovery partly to improved demand for Ibotta’s marketing services. Ibotta: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Fourth-quarter revenue guidance of $94 million–$98 million topped the approximately $93.3 million consensus estimate. Goldman Sachs also removed its Sell rating, upgrading IBTA to Neutral and lifting its target to $58 from $35; other analyst targets reportedly reached as high as $65. Goldman Sachs Upgrades Ibotta to Neutral
• Neutral Sentiment: Despite the adjusted earnings beat, Ibotta reported a negative net margin for the quarter. Goldman’s $58 target is also below the stock’s recent price, tempering the positive signal from the rating upgrade.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Ibotta from $34.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday. UBS Group lifted their price objective on Ibotta from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group raised shares of Ibotta from a "sell" rating to a "neutral" rating and raised their price target for the company from $35.00 to $58.00 in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Ibotta from $40.00 to $49.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ibotta in a research report on Monday, September 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $50.00.

Ibotta Company Profile

Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company's offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.

Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.