Ibotta (NYSE:IBTA) Insider Marisa Daspit Sells 499 Shares of Stock

Ibotta, Inc. (NYSE:IBTA – Get Free Report) insider Marisa Daspit sold 499 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $50.15, for a total transaction of $25,024.85. Following the completion of the sale, the insider directly owned 116,505 shares of the company’s stock, valued at approximately $5,842,725.75. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, October 21st, Marisa Daspit sold 247 shares of Ibotta stock. The shares were sold at an average price of $50.00, for a total transaction of $12,350.00.
  • On Wednesday, September 2nd, Marisa Daspit sold 2,956 shares of Ibotta stock. The shares were sold at an average price of $37.46, for a total transaction of $110,731.76.
  • On Tuesday, September 1st, Marisa Daspit sold 1,712 shares of Ibotta stock. The stock was sold at an average price of $37.01, for a total value of $63,361.12.

Ibotta Stock Down 0.7%

NYSE IBTA traded down $0.35 on Friday, reaching $48.55. 185,573 shares of the stock traded hands, compared to its average volume of 254,327. The firm’s fifty day simple moving average is $40.88 and its 200 day simple moving average is $35.59. The company has a market cap of $980.71 million, a price-to-earnings ratio of -103.30 and a beta of -0.29. Ibotta, Inc. has a 12 month low of $19.10 and a 12 month high of $50.53.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore set a $42.00 target price on Ibotta in a research note on Tuesday, August 4th. UBS Group boosted their price target 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. Weiss Ratings reissued a “sell (d)” rating on shares of Ibotta in a report on Monday, September 21st. Wells Fargo & Company raised their price objective 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. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Ibotta in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $36.50.

Get Our Latest Stock Report on IBTA

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in shares of Ibotta by 32.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,083 shares of the company’s stock valued at $42,000 after acquiring an additional 268 shares during the last quarter. Essential Partners LLC boosted 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Ibotta in the 1st quarter worth $39,000. New York State Teachers Retirement System acquired a new position in shares of Ibotta in the 1st quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Ibotta by 335.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,754 shares of the company’s stock worth $63,000 after purchasing an additional 2,122 shares during the period.

Ibotta Company Profile

(Get Free Report)

Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company’s offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases.

Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network.

Further Reading

Insider Buying and Selling by Quarter for Ibotta (NYSE:IBTA)

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.