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 stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $24.47, for a total value of $145,351.80. Following the completion of the transaction, the chief technology officer owned 483,964 shares in the company, valued at approximately $11,842,599.08. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $35.14, for a total value 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 value of $195,901.20.

Ibotta Stock Down 5.1%

IBTA traded down $1.92 on Wednesday, reaching $35.42. The company’s stock had a trading volume of 570,568 shares, compared to its average volume of 259,386. The company has a market capitalization of $715.48 million, a price-to-earnings ratio of -104.18 and a beta of -0.44. Ibotta, Inc. has a fifty-two week low of $19.10 and a fifty-two week high of $40.49. The stock has a 50 day moving average of $31.42 and a two-hundred day moving average of $29.00.

Ibotta (NYSE:IBTA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.45. Ibotta had a negative net margin of 3.21% and a negative return on equity of 4.54%. The company had revenue of $82.48 million for the quarter. During the same period in the previous year, the business posted $0.02 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Ibotta, Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on IBTA. The Goldman Sachs Group raised their price objective on Ibotta from $28.00 to $32.00 and gave the stock a “sell” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Ibotta in a research report on Tuesday. Zacks Research raised Ibotta from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price target on shares of Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $36.50.

Key Stories Impacting Ibotta

Here are the key news stories impacting Ibotta this week:

• Positive Sentiment: Q2 earnings beat expectations: Ibotta reported adjusted earnings of $0.46 per share, well above consensus estimates of approximately $0.06-$0.40 and up from $0.08 a year earlier. Revenue reached $88.91 million, increasing 3.4% year over year and exceeding expectations. Ibotta Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Partnership expansion supports growth: Ibotta and 7-Eleven announced a performance-based promotions partnership, potentially broadening Ibotta’s retail network and increasing consumer engagement and advertiser demand. 7-Eleven and Ibotta Partnership
• Positive Sentiment: Forward guidance was better than expected: Management forecast third-quarter revenue of $86 million to $90 million, above the $85.7 million consensus estimate, and said it is targeting mid-single-digit growth exiting 2026. Ibotta Q3 Revenue Forecast
• Positive Sentiment: Analyst support remains favorable: Needham reaffirmed its Buy rating with a $45 price target, while Wells Fargo raised its target to $40 but maintained an Equal Weight rating. Analyst Rating Updates
• Neutral Sentiment: Investor focus is shifting to execution: The earnings call highlighted network-driven growth, but investors will likely watch whether new partnerships translate into sustained revenue acceleration and improved profitability.
• Negative Sentiment: Profit-taking and profitability concerns: The stock surged approximately 48% following the earnings release, creating conditions for a pullback. Despite the earnings beat, Ibotta continues to report a negative net margin and negative return on equity, while quarterly revenue growth remains modest. Ibotta Jumps After Q2 Earnings

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC grew its stake in shares of 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 purchasing an additional 816 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Ibotta during the first quarter worth $39,000. New York State Teachers Retirement System acquired a new position in Ibotta in the 1st quarter valued at $39,000. Quantbot Technologies LP purchased a new position in Ibotta during the 2nd quarter worth $66,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Ibotta by 187.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,817 shares of the company’s stock worth $41,000 after acquiring an additional 1,185 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.