Ibotta Inc.’s filing revealed that its Director Lehrman Thomas D unloaded Company’s shares for reported $0.23 million on Sep 05 ’24. In the deal valued at $53.98 per share,4,297 shares were sold. As a result of this transaction, Lehrman Thomas D now holds 141,272 shares worth roughly $7.21 million.
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Then, Lehrman Thomas D sold 24,614 shares, generating $1,394,589 in total proceeds. Upon selling the shares at $56.66, the Director now owns 151,975 shares.
Before that, Lehrman Thomas D sold 6,406 shares. Ibotta Inc. shares valued at $353,678 were divested by the Director at a price of $55.21 per share. As a result of the transaction, Lehrman Thomas D now holds 145,569 shares, worth roughly $7.43 million.
Needham reiterated its Ibotta Inc. [IBTA] rating to a Buy in a research note published on August 14, 2024; the price target was $100. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. UBS began covering IBTA with “Buy” recommendation on May 13, 2024. JMP Securities started covering the stock on May 13, 2024. It rated IBTA as “a Mkt outperform”.
Price Performance Review of IBTA
On Tuesday, Ibotta Inc. [NYSE:IBTA] saw its stock jump 0.91% to $51.04. Over the last five days, the stock has lost -5.57%. Ibotta Inc. shares have fallen nearly -50.57% since the year began.
Levels Of Support And Resistance For IBTA Stock
The 24-hour chart illustrates a support level at 49.74, which if violated will result in even more drops to 48.45. On the upside, there is a resistance level at 52.03. A further resistance level may holdings at 53.03. The Relative Strength Index (RSI) on the 14-day chart is 41.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.28%. Stochastics %K at 30.32% indicates the stock is a holding.
How much short interest is there in Ibotta Inc.?
A steep rise in short interest was recorded in Ibotta Inc. stocks on 2024-08-15, growing by 0.13 million shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.67 million shares. There was a rise of 16.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 13, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $103 price target.
