Instructure, Inc. (NYSE:INST) Director Ellen Levy sold 9,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the sale, the director now owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Instructure, Inc. (INST) opened at $33.90 on Friday. Instructure, Inc. has a 12-month low of $18.80 and a 12-month high of $36.60.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. The company had revenue of $42.95 million during the quarter, compared to the consensus estimate of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. Instructure’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.34) EPS. equities analysts predict that Instructure, Inc. will post -1.75 earnings per share for the current year.
INST has been the subject of several research reports. BidaskClub downgraded shares of Instructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, August 8th. Morgan Stanley upgraded shares of Instructure from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $39.00 in a research report on Monday, September 18th. Needham & Company LLC restated a “buy” rating and set a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. Finally, Oppenheimer restated a “buy” rating and set a $38.00 price objective on shares of Instructure in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.67.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Instructure by 3.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock valued at $70,769,000 after purchasing an additional 84,856 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Instructure by 69.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 104,020 shares of the technology company’s stock valued at $3,069,000 after purchasing an additional 42,493 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in shares of Instructure in the 2nd quarter valued at about $1,002,000. Vanguard Group Inc. increased its holdings in shares of Instructure by 21.3% in the 1st quarter. Vanguard Group Inc. now owns 474,732 shares of the technology company’s stock valued at $11,109,000 after purchasing an additional 83,381 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Instructure by 30.6% in the 1st quarter. Geode Capital Management LLC now owns 54,470 shares of the technology company’s stock valued at $1,274,000 after purchasing an additional 12,750 shares in the last quarter. Institutional investors and hedge funds own 78.90% of the company’s stock.
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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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