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

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 2,956 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $37.46, for a total value of $110,731.76. Following the completion of the sale, the insider owned 117,251 shares in the company, valued at approximately $4,392,222.46. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $63,361.12.

Ibotta Stock Down 1.3%

Shares of NYSE:IBTA opened at $37.19 on Friday. The company’s fifty day moving average is $33.52 and its two-hundred day moving average is $31.39. The company has a market cap of $751.24 million, a P/E ratio of -79.13 and a beta of -0.25. Ibotta, Inc. has a 12-month low of $19.10 and a 12-month high of $40.49.

Institutional Trading of Ibotta

Large investors have recently modified their holdings of the company. Essential Partners LLC grew its holdings in Ibotta by 40,800.0% in the 1st quarter. Essential Partners LLC now owns 818 shares of the company’s stock valued at $25,000 after buying an additional 816 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Ibotta in the 1st quarter worth $39,000. New York State Teachers Retirement System bought a new position in shares of Ibotta during the 1st quarter worth about $39,000. Quantbot Technologies LP acquired a new position in shares of Ibotta during the second quarter valued at about $66,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Ibotta by 187.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after buying an additional 1,185 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBTA shares. Evercore set a $42.00 price objective on Ibotta in a research report on Tuesday, August 4th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Ibotta in a report on Tuesday, August 4th. Wall Street Zen raised Ibotta from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Ibotta from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Ibotta from $28.00 to $32.00 and gave the company a “sell” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.