Ibotta (NYSE:IBTA) Insider Marisa Daspit Sells 1,712 Shares

Ibotta, Inc. (NYSE:IBTA) insider Marisa Daspit sold 1,712 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $37.01, for a total value of $63,361.12. Following the completion of the transaction, the insider owned 120,207 shares of the company’s stock, valued at $4,448,861.07. The trade was a 1.40% 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 the SEC website. 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 transaction of $110,731.76.

Ibotta Price Performance

Ibotta stock opened at $37.19 on Friday. Ibotta, Inc. has a 1 year low of $19.10 and a 1 year high of $40.49. The firm’s 50 day moving average price is $33.52 and its 200-day moving average price is $31.39. The stock has a market cap of $751.24 million, a P/E ratio of -79.13 and a beta of -0.25.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBTA. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Ibotta in a research note on Tuesday, August 4th. Wall Street Zen upgraded Ibotta from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lifted their target price on Ibotta from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on Ibotta from $28.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $36.50.

Hedge Funds Weigh In On Ibotta

Large investors have recently modified their holdings of the stock. Essential Partners LLC raised its holdings in Ibotta by 40,800.0% during 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 period. Meeder Asset Management Inc. purchased a new position in Ibotta during the first quarter worth $39,000. New York State Teachers Retirement System bought a new position in Ibotta during the first quarter valued at $39,000. Caitong International Asset Management Co. Ltd increased its position in Ibotta by 187.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock valued at $41,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Ibotta by 47,920.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,401 shares of the company’s stock valued at $55,000 after acquiring an additional 2,396 shares during the period.

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.