Notable Capital Management Sells Ibotta Shares

Investment firm reduces stake in mobile commerce platform Ibotta by 9.5%

Mar. 17, 2026 at 1:18pm

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Notable Capital Management L.L.C. reduced its holdings in shares of Ibotta, Inc. (NYSE:IBTA) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,032 shares of the company's stock after selling 38,750 shares.

Why it matters

Ibotta is a Denver-based mobile commerce platform that connects consumers, retailers and brands through a cash-back rewards experience. The reduction in Notable Capital Management's stake could signal a shift in investor sentiment towards the company.

The details

Notable Capital Management L.L.C. sold 38,750 shares of Ibotta, reducing its total holdings to 367,032 shares. The shares were sold at an average price of $24.06, resulting in a total value of $71,121.36. Ibotta insider Marisa Daspit also sold 2,956 shares at the same time. The company's stock has traded between $19.10 and $62.74 over the past 52 weeks and currently has a market cap of $523.46 million.

  • Notable Capital Management reduced its Ibotta holdings in the 3rd quarter of 2026.
  • Ibotta insider Marisa Daspit sold 2,956 shares on March 5, 2026.

The players

Notable Capital Management L.L.C.

An institutional investor that previously held a large stake in Ibotta, Inc.

Marisa Daspit

An insider at Ibotta, Inc. who sold 2,956 shares of the company's stock.

Ibotta, Inc.

A Denver-based mobile commerce platform that connects consumers, retailers and brands through a cash-back rewards experience.

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The takeaway

The reduction in Notable Capital Management's Ibotta stake could signal a shift in investor sentiment towards the company, though the reasons behind the sale are not entirely clear. Ibotta continues to operate its mobile commerce platform, but faces competition and market volatility.