Insider Selling: Ibotta (NYSE:IBTA) Director Sells $595,154.62 in Stock

Key Points

• Ibotta director Thomas Lehrman sold 15,926 shares for approximately $595,155 at an average price of $37.37, reducing his direct stake by 29.47% to 38,120 shares.
• Ibotta shares fell 7.8% to $35.80, while the company’s stock has traded between $19.10 and $40.49 over the past year.
• Analyst sentiment remains cautious: Ibotta has a consensus rating of “Reduce” and an average price target of $36.50, despite one Buy rating and recent targets ranging from $38 to $45.

Ibotta, Inc. (NYSE:IBTA - Get Free Report) Director Thomas Lehrman sold 15,926 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $37.37, for a total transaction of $595,154.62. Following the completion of the sale, the director directly owned 38,120 shares of the company's stock, valued at $1,424,544.40. This represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ibotta Stock Down 7.8%

Shares of IBTA traded down $3.04 during mid-day trading on Monday, hitting $35.80. 290,256 shares of the company's stock were exchanged, compared to its average volume of 264,207. Ibotta, Inc. has a 52 week low of $19.10 and a 52 week high of $40.49. The stock's 50-day simple moving average is $31.87 and its 200-day simple moving average is $29.77. The firm has a market cap of $723.16 million, a price-to-earnings ratio of -76.17 and a beta of -0.43.

Analyst Upgrades and Downgrades

IBTA has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Ibotta in a report on Tuesday, August 4th. Evercore set a $42.00 price target on Ibotta in a research report on Tuesday, August 4th. Zacks Research raised Ibotta from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. UBS Group upped their price objective on shares of Ibotta from $30.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Ibotta in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Ibotta currently has an average rating of "Reduce" and a consensus target price of $36.50.

Institutional Trading of Ibotta

Several institutional investors and hedge funds have recently modified their holdings of IBTA. Vanguard Group Inc. grew its position in Ibotta by 17.3% in the third quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company's stock valued at $43,749,000 after acquiring an additional 232,027 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Ibotta by 1.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company's stock valued at $30,581,000 after purchasing an additional 15,310 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ibotta by 23.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 407,936 shares of the company's stock valued at $11,361,000 after purchasing an additional 76,835 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Ibotta by 3,449.8% during the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the company's stock valued at $8,408,000 after purchasing an additional 359,470 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ibotta by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 327,479 shares of the company's stock valued at $7,445,000 after purchasing an additional 3,000 shares during the last quarter.

Ibotta Company Profile

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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