Ibotta (NYSE:IBTA) CTO Luke Roy Swanson Sells 5,940 Shares of Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Swanson sold 5,940 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $36.96, for a total value of $219,542.40. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was 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 value 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 value of $208,731.60.

Ibotta Trading Down 1.3%

Shares of Ibotta stock traded down $0.50 on Thursday, reaching $37.19. The stock had a trading volume of 138,822 shares, compared to its average volume of 255,556. The business’s 50 day moving average is $33.42 and its two-hundred day moving average is $31.28. Ibotta, Inc. has a 1 year low of $19.10 and a 1 year high of $40.49. The company has a market cap of $751.24 million, a P/E ratio of -79.13 and a beta of -0.25.

Institutional Trading of Ibotta

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. UBS Group increased their price objective on Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Ibotta in a research note on Tuesday, August 4th. Zacks Research raised Ibotta from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Evercore set a $42.00 price objective on Ibotta in a report on Tuesday, August 4th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price 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.