Instructure, Inc. (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the completion of the transaction, the executive vice president now directly owns 13,272 shares in the company, valued at $386,347.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Instructure, Inc. (NYSE:INST) opened at 30.90 on Monday. Instructure, Inc. has a 12-month low of $17.85 and a 12-month high of $31.10. The firm has a 50-day moving average of $28.01 and a 200 day moving average of $24.60. The stock’s market capitalization is $893.54 million.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, May 1st. The technology company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $34 million for the quarter, compared to analyst estimates of $32.96 million. Instructure had a negative net margin of 43.24% and a negative return on equity of 385.77%. Instructure’s quarterly revenue was up 45.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) earnings per share. Equities analysts forecast that Instructure, Inc. will post ($1.27) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vista Equity Partners Management LLC raised its position in Instructure by 36.8% in the first quarter. Vista Equity Partners Management LLC now owns 799,117 shares of the technology company’s stock worth $18,699,000 after buying an additional 214,884 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Instructure during the first quarter worth about $340,000. JPMorgan Chase & Co. raised its position in shares of Instructure by 12.0% in the first quarter. JPMorgan Chase & Co. now owns 2,314,092 shares of the technology company’s stock worth $54,150,000 after buying an additional 248,282 shares during the period. Wells Fargo & Company MN raised its position in shares of Instructure by 11.7% in the first quarter. Wells Fargo & Company MN now owns 351,303 shares of the technology company’s stock worth $8,220,000 after buying an additional 36,757 shares during the period. Finally, Nine Ten Capital Management LLC raised its position in shares of Instructure by 60.2% in the first quarter. Nine Ten Capital Management LLC now owns 2,631,124 shares of the technology company’s stock worth $61,568,000 after buying an additional 988,396 shares during the period. Institutional investors own 64.22% of the company’s stock.
Several equities analysts recently issued reports on INST shares. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. SunTrust Banks, Inc. started coverage on Instructure in a research report on Monday, June 26th. They issued a “buy” rating and a $33.00 target price on the stock. Needham & Company LLC upped their price target on shares of Instructure from $28.00 to $33.00 and gave the company a “strong-buy” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $30.00 price target (up from $27.00) on shares of Instructure in a report on Thursday, May 4th. Finally, Zacks Investment Research raised shares of Instructure from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Monday, July 3rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Instructure currently has a consensus rating of “Buy” and an average target price of $31.71.
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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