Ibotta (NYSE:IBTA) Trading Down 7% on Insider Selling

Ibotta, Inc. (NYSE:IBTA) was down 7% on Monday following insider selling activity. The stock traded as low as $36.10 and last traded at $36.14. Approximately 41,425 shares changed hands during trading, a decline of 84% from the average session volume of 262,505 shares. The stock had previously closed at $38.84.

Specifically, Director Thomas D. Lehrman sold 14,347 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $37.28, for a total transaction of $534,856.16. Following the completion of the sale, the director directly owned 16,490 shares of the company’s stock, valued at approximately $614,747.20. This trade represents a 46.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas D. Lehrman sold 15,926 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.37, for a total transaction of $595,154.62. Following the completion of the transaction, the director owned 38,120 shares in the company, valued at $1,424,544.40. This represents a 29.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Ibotta news, Director Thomas D. Lehrman sold 8,154 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $36.08, for a total value of $294,196.32. Following the transaction, the director directly owned 22,115 shares of the company’s stock, valued at $797,909.20. This represents a 26.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Evercore set a $42.00 target price on shares of Ibotta in a research note on Tuesday, August 4th. Zacks Research raised shares of Ibotta from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Ibotta in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ibotta currently has an average rating of “Reduce” and a consensus target price of $36.50.

Ibotta Stock Up 2.9%

The stock has a market cap of $746.79 million, a P/E ratio of -78.66 and a beta of -0.43. The firm’s 50 day simple moving average is $32.02 and its two-hundred day simple moving average is $29.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Ibotta by 17.3% in the third quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock worth $43,749,000 after acquiring an additional 232,027 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Ibotta by 1.5% during the first 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 during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Ibotta by 23.2% during the third 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 during the last quarter. Deutsche Bank AG raised its position 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 worth $8,408,000 after purchasing an additional 359,470 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Ibotta by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 327,479 shares of the company’s stock worth $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.