The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ibotta Inc shares valued at $3,014,346 were sold by D. E. SHAW & CO, L.P. on Mar 03 ’25. At $33.36 per share, D. E. SHAW & CO, L.P. sold 90,366 shares. The insider’s holdings dropped to 665,700 shares worth approximately $24.98 million following the completion of this transaction.
Also, Daspit Marisa sold 1,243 shares, netting a total of over 41,839 in proceeds. Following the sale of shares at $33.66 each, the insider now holds 58,719 shares.
Before that, Daspit Marisa had added 1,243 shares to its account. In a trade valued at $41,839, the Officer bought Ibotta Inc shares for $33.66 each.
As published in a research note from Raymond James on February 27, 2025, Ibotta Inc [IBTA] has been rated down from an Outperform to a Mkt perform. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 27, 2025, BofA Securities has decreased its “Buy” rating to a “Neutral” for IBTA. Earlier on November 14, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for IBTA stock which previously was a “a Buy”.
Analyzing IBTA Stock Performance
During the last five days, there has been a surge of approximately 10.35%. Over the course of the year, Ibotta Inc shares have dropped approximately -42.33%. A 50-day SMA is recorded $65.36, while a 200-day SMA reached $68.13.
Support And Resistance Levels for Ibotta Inc (IBTA)
According to the 24-hour chart, there is a support level at 34.90, which, if violated, would cause prices to drop to 32.28. In the upper region, resistance lies at 39.33. The next price resistance is at 41.13. RSI (Relative Strength Index) is 21.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.16, which suggests the price will decrease in the coming days. Percent R is at 86.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
