Insider Selling: Ibotta (NYSE:IBTA) CTO Sells 30,206 Shares of Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Swanson sold 30,206 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $62.20, for a total value of $1,878,813.20. Following the sale, the chief technology officer owned 186,146 shares in the company, valued at approximately $11,578,281.20. The trade was a 13.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was 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 stock was sold at an average price of $49.96, for a total transaction 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 transaction of $184,639.15.
• On Wednesday, October 21st, Luke Swanson sold 9,075 shares of Ibotta stock. The shares were sold at an average price of $49.91, for a total transaction 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 value of $236,352.60.
• On Thursday, September 10th, Luke Swanson sold 20,100 shares of Ibotta stock. The stock was 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 value of $219,542.40.

Ibotta Stock Performance

Shares of NYSE IBTA traded up $2.17 during mid-day trading on Wednesday, reaching $62.52. The company’s stock had a trading volume of 1,286,017 shares, compared to its average volume of 267,465. The stock has a 50-day moving average of $42.92 and a two-hundred day moving average of $33.05. Ibotta, Inc. has a 1-year low of $19.10 and a 1-year high of $66.39. The stock 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 posted its quarterly earnings results on Monday, November 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.49. Ibotta had a negative return on equity of 5.40% and a negative net margin of 4.49%. The business had revenue of $97.83 million during the quarter. During the same quarter last year, the company earned $0.56 earnings per share. Ibotta’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts predict that Ibotta, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its position in Ibotta by 29.4% in the fourth quarter. Hsbc Holdings PLC now owns 993,977 shares of the company’s stock worth $22,210,000 after acquiring an additional 226,021 shares during the period. Bank of America Corp DE increased its stake in Ibotta by 17.8% during the first quarter. Bank of America Corp DE now owns 239,167 shares of the company’s stock worth $7,168,000 after acquiring an additional 36,223 shares during the last quarter. Renaissance Technologies LLC increased its stake in Ibotta by 17.7% during the first quarter. Renaissance Technologies LLC now owns 239,300 shares of the company’s stock worth $7,172,000 after acquiring an additional 35,992 shares during the last quarter. Sei Investments Co. purchased a new stake in Ibotta in the first quarter valued at $344,000. Finally, Engineers Gate Manager LP purchased a new stake in Ibotta in the second quarter valued at $328,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Evercore set a $58.00 target price on Ibotta in a research note on Tuesday. Wells Fargo & Company lifted their price target on Ibotta from $40.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group raised shares of Ibotta from a “sell” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $58.00 in a research report on Tuesday. Needham & Company LLC upped their price objective on shares of Ibotta from $45.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Finally, UBS Group raised their price objective on shares of Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $50.00.

More Ibotta News

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.

Ibotta Company Profile

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.