Insider Selling: Ibotta (NYSE:IBTA) Insider Sells $110,731.76 in Stock

Ibotta, Inc. (NYSE:IBTA – Get Free Report) insider Marisa Daspit sold 2,956 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $37.46, for a total transaction of $110,731.76. Following the sale, the insider owned 117,251 shares of the company’s stock, valued at approximately $4,392,222.46. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Marisa Daspit also recently made the following trade(s):

Get Ibotta alerts:

• On Tuesday, September 1st, Marisa Daspit sold 1,712 shares of Ibotta stock. The shares were sold at an average price of $37.01, for a total value of $63,361.12.

Ibotta Price Performance

Shares of NYSE:IBTA opened at $38.34 on Friday. 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 $774.47 million, a P/E ratio of -81.57 and a beta of -0.25. The stock’s fifty day moving average price is $33.61 and its 200-day moving average price is $31.44.

Analyst Ratings Changes

A number of brokerages have weighed in on IBTA. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Ibotta in a research note on Tuesday, August 4th. Zacks Research upgraded Ibotta from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ibotta in a research report on Wednesday, June 24th. UBS Group increased their target price on Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their target price on Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ibotta presently has a consensus rating of “Reduce” and an average target price of $36.50.

View Our Latest Research Report on IBTA

Hedge Funds Weigh In On Ibotta

A number of institutional investors have recently bought and sold shares of IBTA. Essential Partners LLC lifted its position in Ibotta by 40,800.0% during the first quarter. Essential Partners LLC now owns 818 shares of the company’s stock valued at $25,000 after purchasing an additional 816 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Ibotta in the first quarter worth about $39,000. New York State Teachers Retirement System purchased a new position in shares of Ibotta during the 1st quarter valued at about $39,000. Quantbot Technologies LP bought a new position in shares of Ibotta during the 2nd quarter valued at approximately $66,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ibotta by 187.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after acquiring an additional 1,185 shares during the period.

About Ibotta

(Get Free Report)

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.

See Also

• Five stocks we like better than Ibotta
• Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
• Is Duolingo the Next Netflix-Style Comeback Story?
• GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
• GTA VI’s Console Problem Isn’t Take-Two’s Problem

Receive News & Ratings for Ibotta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ibotta and related companies with MarketBeat.com's FREE daily email newsletter.