Ibotta (NYSE:IBTA) Insider Sells $63,361.12 in Stock

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 1,712 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $37.01, for a total value of $63,361.12. Following the transaction, the insider directly owned 120,207 shares of the company’s stock, valued at $4,448,861.07. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $110,731.76.

Ibotta Stock Up 2.7%

NYSE:IBTA opened at $38.34 on Friday. Ibotta, Inc. has a twelve month low of $19.10 and a twelve month high of $40.49. The firm has a market capitalization of $774.47 million, a price-to-earnings ratio of -81.57 and a beta of -0.25. The stock’s 50 day moving average price is $33.61 and its two-hundred day moving average price is $31.44.

Hedge Funds Weigh In On Ibotta

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ibotta by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,394 shares of the company’s stock valued at $396,000 after purchasing an additional 515 shares during the period. Quantbot Technologies LP raised its position in shares of Ibotta by 34.6% in the third quarter. Quantbot Technologies LP now owns 2,420 shares of the company’s stock valued at $67,000 after buying an additional 622 shares in the last quarter. Essential Partners LLC raised its position in shares of Ibotta by 40,800.0% in the first quarter. Essential Partners LLC now owns 818 shares of the company’s stock valued at $25,000 after buying an additional 816 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ibotta by 5.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,769 shares of the company’s stock valued at $404,000 after buying an additional 855 shares during the period. Finally, Legal & General Group Plc grew its position in Ibotta by 9.0% during the third quarter. Legal & General Group Plc now owns 13,461 shares of the company’s stock worth $375,000 after buying an additional 1,112 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. Evercore set a $42.00 price objective on shares of Ibotta in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group upped their target price on shares of Ibotta from $28.00 to $32.00 and gave the company a “sell” rating in a report on Tuesday, August 4th. Finally, UBS Group raised their target price on shares of Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. 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 company. According to MarketBeat.com, Ibotta presently has an average 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.