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 $38,641 were sold by Daspit Marisa on Dec 16 ’24. At $74.17 per share, Daspit Marisa sold 521 shares. The insider’s holdings dropped to 22,685 shares worth approximately $1.46 million following the completion of this transaction.
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Also, Daspit Marisa purchased 521 shares, netting a total of over 38,641 in proceeds.
Before that, Lehrman Thomas D had sold 145,141 shares from its account. In a trade valued at $10,667,135, the Director traded Ibotta Inc shares for $73.49 each. Upon closing the transaction, the insider’s holdings decreased to 145,141 shares, worth approximately $4.15 million.
As published in a research note from UBS on November 14, 2024, Ibotta Inc [IBTA] has been rated down from a Buy to a Neutral and the price target has been revised to $65 from $90. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of August 14, 2024, Needham has reiterated its “Buy” rating for IBTA. Earlier on May 13, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for IBTA stock.
Analyzing IBTA Stock Performance
During the last five days, there has been a drop of approximately -13.47%. Over the course of the year, Ibotta Inc shares have dropped approximately -37.78%. Nevertheless, trading volume fell to 0.73 million shares from 0.47 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 60.90, which, if violated, would cause prices to drop to 57.55. In the upper region, resistance lies at 70.74. The next price resistance is at 77.24. RSI (Relative Strength Index) is 34.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.72, which suggests the price will decrease in the coming days. Percent R is at 98.57%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
