Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ibotta Inc. shares valued at $49,999,928 were purchased by Clark Jermoluk Founders Fund I on Apr 22 ’24. At $88.00 per share, Clark Jermoluk Founders Fund I acquired 568,181 shares. The insider’s holdings grew to 568,181 shares worth approximately $42.47 million following the completion of this transaction.
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Also, KDT Ibotta Holdings, LLC sold 1,500,000 shares, netting a total of over 132,000,000 in proceeds. Following the sale of shares at $88.00 each, the insider now holds 4,389,129 shares.
Before that, Lehrman Thomas D had sold 168,690 shares from its account. In a trade valued at $14,844,720, the Director traded Ibotta Inc. shares for $88.00 each. Upon closing the transaction, the insider’s holdings decreased to 168,690 shares, worth approximately $9.66 million.
As published in their initiating research note from Wells Fargo on May 13, 2024, Ibotta Inc. [IBTA] has been an Overweight and the price target has been revised to $131. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of May 13, 2024, JMP Securities has initiated its “Mkt outperform” rating for IBTA. Earlier on May 13, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for IBTA stock.
Analyzing IBTA Stock Performance
During the last five days, there has been a surge of approximately 7.23%. Over the course of the year, Ibotta Inc. shares have dropped approximately -27.61%. Nevertheless, trading volume fell to 86247.0 shares from 0.43 million shares the previous day.
Support And Resistance Levels for Ibotta Inc. (IBTA)
According to the 24-hour chart, there is a support level at 71.56, which, if violated, would cause prices to drop to 68.38. In the upper region, resistance lies at 76.39. The next price resistance is at 78.04. RSI (Relative Strength Index) is 42.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 33.44%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
