Ibotta (NYSE:IBTA) CTO Luke Roy Swanson Sells 30,206 Shares of Company Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Swanson sold 30,206 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $62.20, for a total transaction of $1,878,813.20. Following the completion of the sale, the chief technology officer directly owned 186,146 shares of the company’s stock, valued at approximately $11,578,281.20. The trade was a 13.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Luke Roy Swanson also recently made the following trade(s):

• On Tuesday, November 3rd, Luke Swanson sold 3,094 shares of Ibotta stock. The shares were sold at an average price of $59.90, for a total value of $185,330.60.
• On Monday, November 2nd, Luke Swanson sold 10,031 shares of Ibotta stock. The stock was sold at an average price of $49.55, for a total value of $497,036.05.
• On Monday, November 2nd, Luke Swanson sold 10,131 shares of Ibotta stock. The shares were sold at an average price of $49.60, for a total value of $502,497.60.
• On Thursday, October 22nd, Luke Swanson sold 3,484 shares of Ibotta stock. The shares were sold at an average price of $49.96, for a total value of $174,060.64.
• On Thursday, October 22nd, Luke Swanson sold 3,695 shares of Ibotta stock. The shares were sold at an average price of $49.97, for a total value of $184,639.15.
• On Wednesday, October 21st, Luke Swanson sold 9,075 shares of Ibotta stock. The stock was sold at an average price of $49.91, for a total value of $452,933.25.
• On Wednesday, October 21st, Luke Swanson sold 8,764 shares of Ibotta stock. The stock was sold at an average price of $49.92, for a total value of $437,498.88.
• On Thursday, October 1st, Luke Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $39.79, for a total transaction of $236,352.60.
• On Thursday, September 10th, Luke Swanson sold 20,100 shares of Ibotta stock. The shares were sold at an average price of $40.04, for a total transaction of $804,804.00.
• On Tuesday, September 1st, Luke Swanson sold 5,940 shares of Ibotta stock. The stock was sold at an average price of $36.96, for a total transaction of $219,542.40.

Ibotta Stock Up 3.6%

IBTA stock traded up $2.17 during trading on Wednesday, hitting $62.52. The company had a trading volume of 1,286,017 shares, compared to its average volume of 267,465. Ibotta, Inc. has a 52-week low of $19.10 and a 52-week high of $66.39. The company has a 50 day simple moving average of $42.92 and a 200-day simple moving average of $33.05. The firm has a market capitalization of $1.26 billion, a P/E ratio of -93.31 and a beta of -0.46.

Ibotta (NYSE:IBTA) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.49. The company had revenue of $97.83 million during the quarter. Ibotta had a negative net margin of 4.49% and a negative return on equity of 5.40%. Ibotta’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that Ibotta, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Evercore set a $58.00 price objective on Ibotta in a report on Tuesday. The Goldman Sachs Group upgraded shares of Ibotta from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $58.00 in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a report on Monday, September 21st. Needham & Company LLC upped their price target on shares of Ibotta from $45.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup increased their price objective on shares of Ibotta from $34.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Ibotta has an average rating of “Reduce” and a consensus price target of $50.00.

Key Stories Impacting Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Third-quarter revenue rose 17% year over year to $97.8 million, beating estimates, while adjusted EPS of $0.62 substantially exceeded forecasts. Adjusted EBITDA also increased 43%. Ibotta Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Growth indicators pointed to a stronger business: redemption revenue increased 23%, the redeemer base grew 30% to 23.6 million, and third-party publisher redemption revenue rose 43%. Coverage attributed the recovery partly to improved demand for Ibotta’s marketing services. Ibotta: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Fourth-quarter revenue guidance of $94 million–$98 million topped the approximately $93.3 million consensus estimate. Goldman Sachs also removed its Sell rating, upgrading IBTA to Neutral and lifting its target to $58 from $35; other analyst targets reportedly reached as high as $65. Goldman Sachs Upgrades Ibotta to Neutral
• Neutral Sentiment: Despite the adjusted earnings beat, Ibotta reported a negative net margin for the quarter. Goldman’s $58 target is also below the stock’s recent price, tempering the positive signal from the rating upgrade.

Hedge Funds Weigh In On Ibotta

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC raised 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. State of Alaska Department of Revenue boosted its stake in Ibotta by 32.9% in the third 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in Ibotta in the first quarter valued at approximately $39,000. New York State Teachers Retirement System purchased a new position in Ibotta in the first quarter worth $39,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Ibotta during the second quarter worth $290,000.

About Ibotta

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.