Clark Jermoluk Founders Fund I LLC, a ten percent owner of Ibotta, Inc. (NASDAQ:IBTA), sold 500,000 shares of the company's Class A Common Stock on July 6, 2026. The transaction was executed at a price of $30.15 per share, resulting in a total value of approximately $15.08 million. The sale comes as Ibotta's stock has surged 52% over the past six months, currently trading at $31.19. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, suggesting potential upside remains despite the recent rally.
James H. Clark, also a ten percent owner and associated with Clark Jermoluk Founders Fund I LLC, was listed as a reporting owner for this transaction. The shares are held directly by Clark Jermoluk Founders Fund I LLC, which is 95% owned by the JHC Trust. Mr. Clark disclaims beneficial ownership of the shares held by Clark Jermoluk Founders Fund I LLC, except to the extent of his pecuniary interest therein.
Following this sale, Clark Jermoluk Founders Fund I LLC directly holds 3,341,308 shares of Ibotta, Inc. Class A Common Stock.
In other recent news, Ibotta Inc. reported its Q1 2026 earnings, revealing a notable miss in earnings per share (EPS) compared to forecasts. The company posted an EPS of $0.24, which fell short of the anticipated $0.62, representing a 61.29% surprise miss. Despite this earnings miss, Ibotta's revenue for the quarter reached $82.5 million, slightly exceeding internal guidance, though it marked a 2% decline from the previous year. Additionally, Needham raised its price target for Ibotta to $45 from $33 while maintaining a Buy rating. The firm cited a higher target multiple as the reason for the increase, although it modestly lowered estimates for 2026. Ibotta has consistently surpassed the top end of guidance for three consecutive quarters after initially underperforming post-IPO. These developments highlight the company's ongoing efforts to navigate its financial landscape amidst market expectations.