Luke Roy Swanson Sells 5,940 Shares of Ibotta (NYSE:IBTA) Stock

Ibotta, Inc. (NYSE:IBTA) CTO Luke Swanson sold 5,940 shares of Ibotta stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $36.96, for a total transaction of $219,542.40. Following the transaction, the chief technology officer owned 466,132 shares in the company, valued at approximately $17,228,238.72. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Friday, August 7th, Luke Swanson sold 600 shares of Ibotta stock. The stock was sold at an average price of $39.90, for a total value of $23,940.00.
• On Friday, August 7th, Luke Swanson sold 200 shares of Ibotta stock. The shares were sold at an average price of $39.91, for a total value of $7,982.00.
• On Monday, August 3rd, Luke Swanson sold 5,940 shares of Ibotta stock. The stock was sold at an average price of $24.47, for a total value of $145,351.80.
• On Wednesday, July 1st, Luke 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.

Ibotta Trading Up 2.7%

NYSE IBTA opened at $38.34 on Friday. Ibotta, Inc. has a 12 month low of $19.10 and a 12 month high of $40.49. The stock has a market cap of $774.47 million, a PE ratio of -81.57 and a beta of -0.25. The stock’s 50 day moving average is $33.61 and its 200 day moving average is $31.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Ibotta by 17.3% during the third quarter. Vanguard Group Inc. now owns 1,570,896 shares of the company’s stock worth $43,749,000 after acquiring an additional 232,027 shares during the last quarter. Hsbc Holdings PLC increased its position in Ibotta by 1.5% during the first quarter. Hsbc Holdings PLC now owns 1,009,287 shares of the company’s stock valued at $30,581,000 after acquiring an additional 15,310 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Ibotta by 23.2% in the third quarter. BNP Paribas Financial Markets now owns 407,936 shares of the company’s stock valued at $11,361,000 after acquiring an additional 76,835 shares during the period. Deutsche Bank AG raised its stake in shares of Ibotta by 3,449.8% in the fourth quarter. Deutsche Bank AG now owns 369,890 shares of the company’s stock valued at $8,408,000 after acquiring an additional 359,470 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Ibotta by 6,672.2% in the 2nd quarter. California State Teachers Retirement System now owns 351,882 shares of the company’s stock worth $12,020,000 after acquiring an additional 346,686 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IBTA shares. Wells Fargo & Company upped their target price on shares of Ibotta from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Evercore set a $42.00 price target on shares of Ibotta in a research note on Tuesday, August 4th. UBS Group increased their price objective on shares of Ibotta from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research upgraded Ibotta from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ibotta in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $36.50.

About Ibotta

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.