Insider Selling: Ibotta (NYSE:IBTA) CTO Sells $502,497.60 in Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Swanson sold 10,131 shares of Ibotta stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $49.60, for a total value of $502,497.60. Following the sale, the chief technology officer directly owned 421,102 shares in the company, valued at $20,886,659.20. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a 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 30,206 shares of Ibotta stock. The stock was sold at an average price of $62.20, for a total value of $1,878,813.20.
• 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 shares were sold at an average price of $49.55, for a total value of $497,036.05.
• 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 value 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 value of $184,639.15.
• On Wednesday, October 21st, Luke Swanson sold 9,075 shares of Ibotta stock. The stock was 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 shares were 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 stock was 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 transaction of $219,542.40.

Ibotta Stock Performance

IBTA traded up $2.17 during midday trading on Wednesday, hitting $62.52. The company had a trading volume of 1,286,017 shares, compared to its average volume of 267,465. Ibotta, Inc. has a twelve month low of $19.10 and a twelve month high of $66.39. The company has a market capitalization of $1.26 billion, a PE ratio of -93.31 and a beta of -0.46. The firm’s 50-day simple moving average is $42.92 and its 200-day simple moving average is $33.05.

Ibotta (NYSE:IBTA) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.13 by $0.49. Ibotta had a negative net margin of 4.49% and a negative return on equity of 5.40%. The business had revenue of $97.83 million for the quarter. During the same period last year, the company earned $0.56 earnings per share. Ibotta’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ibotta, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Ibotta from $34.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group upgraded Ibotta from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $58.00 in a research report on Tuesday. Evercore set a $58.00 price objective on Ibotta in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Ibotta in a research report on Monday, September 21st. 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 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $50.00.

Key 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.

Institutional Investors Weigh In On Ibotta

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Ibotta by 32.9% in the third quarter. State of Alaska Department of Revenue now owns 1,083 shares of the company’s stock valued at $42,000 after purchasing an additional 268 shares during the last quarter. Essential Partners LLC grew its position in shares of 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 buying an additional 816 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Ibotta in the 1st quarter valued at about $39,000. New York State Teachers Retirement System bought a new stake in shares of Ibotta in the 1st quarter valued at about $39,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Ibotta in the 2nd quarter valued at approximately $290,000.

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.