Instructure Inc (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $25.03, for a total transaction of $50,060.00. Following the completion of the sale, the executive vice president now directly owns 11,614 shares in the company, valued at $290,698.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Instructure Inc (NYSE:INST) traded up 0.20% on Monday, hitting $25.05. 197,500 shares of the stock traded hands. The firm has a 50 day moving average price of $23.10 and a 200 day moving average price of $22.33. The firm’s market cap is $717.88 million. Instructure Inc has a 52-week low of $16.03 and a 52-week high of $26.92.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, February 6th. The company reported ($0.35) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.08. Instructure had a negative return on equity of 208.06% and a negative net margin of 48.31%. The company had revenue of $31.55 million for the quarter, compared to analysts’ expectations of $30.77 million. During the same period in the previous year, the firm earned ($0.43) EPS. The firm’s revenue was up 44.7% compared to the same quarter last year. On average, equities analysts forecast that Instructure Inc will post ($1.31) EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Instructure by 8.7% in the third quarter. Wells Fargo & Company MN now owns 237,260 shares of the company’s stock worth $6,020,000 after buying an additional 18,950 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Instructure during the third quarter worth approximately $110,000. JPMorgan Chase & Co. boosted its position in Instructure by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 1,806,228 shares of the company’s stock worth $45,825,000 after buying an additional 260,990 shares in the last quarter. Monashee Investment Management LLC acquired a new position in Instructure during the third quarter worth approximately $507,000. Finally, Ardsley Advisory Partners acquired a new position in Instructure during the third quarter worth approximately $5,226,000. 50.60% of the stock is currently owned by institutional investors.
A number of brokerages have commented on INST. Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Needham & Company LLC upgraded shares of Instructure from a “buy” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Thursday, December 1st. Raymond James Financial, Inc. upgraded shares of Instructure from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $28.00 to $29.00 in a research report on Thursday. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price target on shares of Instructure in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.33.
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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