Ibotta (NYSE:IBTA) CTO Luke Roy Swanson Sells 5,940 Shares of Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Roy Swanson sold 5,940 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $24.47, for a total transaction of $145,351.80. Following the completion of the transaction, the chief technology officer directly owned 483,964 shares of the company’s stock, valued at approximately $11,842,599.08. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, July 1st, Luke Roy Swanson sold 5,940 shares of Ibotta stock. The shares were sold at an average price of $35.14, for a total transaction of $208,731.60.
• On Thursday, June 4th, Luke Roy Swanson sold 5,940 shares of Ibotta stock. The stock was sold at an average price of $32.98, for a total transaction of $195,901.20.

Ibotta Stock Performance

Shares of NYSE:IBTA opened at $35.42 on Thursday. The firm has a market capitalization of $715.48 million, a PE ratio of -75.36 and a beta of -0.44. Ibotta, Inc. has a 52-week low of $19.10 and a 52-week high of $40.49. The firm has a fifty day moving average of $31.44 and a 200 day moving average of $29.09.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.45. Ibotta had a negative return on equity of 4.54% and a negative net margin of 3.21%.The business had revenue of $82.48 million for the quarter. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Ibotta, Inc. will post 0.24 EPS for the current fiscal year.

Key Headlines Impacting Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Ibotta reported second-quarter adjusted earnings of $0.24 per share, substantially exceeding the consensus estimate of a $0.21 loss. Revenue was $82.5 million, while management forecast third-quarter revenue of $86 million to $90 million and said it expects to exit 2026 with mid-single-digit growth. Ibotta forecasts Q3 revenue of $86M-$90M
• Positive Sentiment: A new deal with 7-Eleven and continued expansion of Ibotta’s retailer network strengthened the growth outlook. Management emphasized network-driven performance during the earnings call, which helped fuel the initial post-results surge in the stock. Ibotta jumps after Q2 earnings beat and 7-Eleven deal
• Positive Sentiment: Analyst sentiment improved following the results. Wells Fargo raised its price target to $40 while maintaining an equal-weight rating, and Needham reaffirmed its buy rating with a $45 target, supporting the view that the shares may retain upside after the rally. Analyst price-target updates
• Neutral Sentiment: Chief Technology Officer Luke Roy Swanson sold 5,940 shares for approximately $145,000. The sale represented only 1.21% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance as a bearish signal. SEC insider transaction filing

Institutional Investors Weigh In On Ibotta

A number of hedge funds and other institutional investors have recently modified their holdings of IBTA. Essential Partners LLC grew its position in 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 during the last quarter. Bank of America Corp DE lifted its position in Ibotta by 17.8% in the first quarter. Bank of America Corp DE now owns 239,167 shares of the company’s stock valued at $7,168,000 after purchasing an additional 36,223 shares during the last quarter. Renaissance Technologies LLC lifted its position in Ibotta by 17.7% in the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company’s stock valued at $7,172,000 after purchasing an additional 35,992 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Ibotta during the first quarter valued at approximately $344,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Ibotta during the first quarter valued at approximately $39,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Evercore set a $42.00 price objective on Ibotta in a report on Tuesday. Wells Fargo & Company increased their price target on shares of Ibotta from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of Ibotta in a report on Tuesday. Finally, Wall Street Zen raised shares of Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $36.50.

Ibotta Company Profile

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.