Insider Selling: Ibotta (NYSE:IBTA) CTO Sells $219,542.40 in Stock

Key Points

• Ibotta CTO Luke Swanson sold 5,940 shares at an average price of $36.96, generating $219,542.40. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 1.26%.
• Ibotta shares recently traded at $37.19, down 1.3%, with a 52-week range of $19.10 to $40.49. The company has a market capitalization of approximately $751 million.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $36.50; ratings include one Buy, four Holds, and three Sells.

Ibotta, Inc. (NYSE:IBTA - Get Free Report) CTO Luke Swanson sold 5,940 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $36.96, for a total value of $219,542.40. Following the completion of the sale, the chief technology officer directly owned 466,132 shares of the company's stock, valued at $17,228,238.72. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 7th, Luke Swanson sold 600 shares of Ibotta stock. The shares were sold at an average price of $39.90, for a total value of $23,940.00.
• On Friday, August 7th, Luke Swanson sold 200 shares of Ibotta stock. The stock was sold at an average price of $39.91, for a total value of $7,982.00.
• On Monday, August 3rd, Luke Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $24.47, for a total transaction of $145,351.80.
• On Wednesday, July 1st, Luke Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $35.14, for a total transaction of $208,731.60.

Ibotta Stock Down 1.3%

IBTA traded down $0.50 during trading on Thursday, hitting $37.19. 138,822 shares of the company's stock were exchanged, compared to its average volume of 255,556. Ibotta, Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $40.49. The stock has a market cap of $751.24 million, a P/E ratio of -79.13 and a beta of -0.25. The business's 50 day moving average is $33.42 and its two-hundred day moving average is $31.28.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Essential Partners LLC grew its stake in shares of Ibotta by 40,800.0% during the 1st quarter. Essential Partners LLC now owns 818 shares of the company's stock worth $25,000 after acquiring an additional 816 shares during the period. Meeder Asset Management Inc. bought a new stake in Ibotta in the 1st quarter valued at about $39,000. New York State Teachers Retirement System bought a new position in Ibotta during the first quarter worth about $39,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Ibotta by 187.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company's stock worth $41,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Ibotta by 47,920.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company's stock valued at $55,000 after purchasing an additional 2,396 shares during the period.

Analyst Ratings Changes

IBTA has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of Ibotta from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 4th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Ibotta in a research note on Tuesday, August 4th. Wall Street Zen upgraded Ibotta from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. The Goldman Sachs Group lifted their target price on Ibotta from $28.00 to $32.00 and gave the company a "sell" rating in a research report on Tuesday, August 4th. Finally, Zacks Research upgraded Ibotta from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Ibotta presently has a consensus rating of "Reduce" and a consensus price target of $36.50.

About Ibotta

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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