Ibotta (NYSE:IBTA) Insider Marisa Daspit Sells 2,956 Shares

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 2,956 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $37.46, for a total transaction of $110,731.76. Following the completion of the transaction, the insider owned 117,251 shares in the company, valued at $4,392,222.46. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 transaction of $63,361.12.

Ibotta Trading Down 1.3%

Shares of Ibotta stock traded down $0.50 on Thursday, hitting $37.19. 138,822 shares of the company traded hands, compared to its average volume of 255,556. The company has a market cap of $751.24 million, a PE ratio of -79.13 and a beta of -0.25. The stock’s 50 day moving average price is $33.42 and its 200-day moving average price is $31.28. Ibotta, Inc. has a 52 week low of $19.10 and a 52 week high of $40.49.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IBTA shares. UBS Group upped their target price on Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised their price target on Ibotta from $28.00 to $32.00 and gave the company a “sell” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. Zacks Research upgraded shares of Ibotta from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company raised their target price 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. One 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 data from MarketBeat, Ibotta has an average rating of “Reduce” and a consensus target price of $36.50.

Institutional Trading of Ibotta

Several hedge funds and other institutional investors have recently bought and sold shares of IBTA. Deutsche Bank AG raised its position in shares of Ibotta by 3,449.8% in the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the company’s stock worth $8,408,000 after acquiring an additional 359,470 shares in the last quarter. California State Teachers Retirement System boosted its position in Ibotta by 6,672.2% during the second quarter. California State Teachers Retirement System now owns 351,882 shares of the company’s stock valued at $12,020,000 after purchasing an additional 346,686 shares in the last quarter. Vanguard Group Inc. grew its stake 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 purchasing an additional 232,027 shares during the last quarter. Marshall Wace LLP bought a new position in Ibotta in the second quarter worth about $8,397,000. Finally, Hsbc Holdings PLC lifted its position in shares of Ibotta by 29.4% during the fourth quarter. Hsbc Holdings PLC now owns 993,977 shares of the company’s stock valued at $22,210,000 after buying an additional 226,021 shares during the last quarter.

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.