Instructure Inc (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction on Friday, March 17th. The stock was sold at an average price of $25.03, for a total transaction of $50,060.00. Following the sale, the executive vice president now directly owns 11,614 shares in the company, valued at approximately $290,698.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Instructure Inc (NYSE:INST) opened at 22.90 on Monday. The company has a 50-day moving average of $23.43 and a 200 day moving average of $22.35. Instructure Inc has a one year low of $16.06 and a one year high of $26.92. The stock’s market capitalization is $656.27 million.
Instructure (NYSE:INST) last released its quarterly earnings data on Monday, February 6th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.08. The company had revenue of $31.55 million for the quarter, compared to the consensus estimate of $30.77 million. Instructure had a negative return on equity of 208.06% and a negative net margin of 48.31%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period last year, the business posted ($0.43) EPS. Equities research analysts forecast that Instructure Inc will post ($1.31) earnings per share for the current fiscal year.
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INST has been the topic of several analyst reports. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Raymond James Financial, Inc. upgraded Instructure from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $28.00 to $29.00 in a report on Thursday, March 16th. Needham & Company LLC reiterated a “strong-buy” rating and set a $28.00 price target on shares of Instructure in a report on Tuesday, February 7th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price target on shares of Instructure in a report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.33.
Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in shares of Instructure by 8.7% in the third quarter. Wells Fargo & Company MN now owns 237,260 shares of the company’s stock valued at $6,020,000 after buying an additional 18,950 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Instructure during the third quarter valued at approximately $110,000. JPMorgan Chase & Co. increased its stake in shares of Instructure by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 1,806,228 shares of the company’s stock valued at $45,825,000 after buying an additional 260,990 shares during the last quarter. Monashee Investment Management LLC bought a new stake in shares of Instructure during the third quarter valued at approximately $507,000. Finally, Ardsley Advisory Partners bought a new stake in shares of Instructure during the third quarter valued at approximately $5,226,000. Institutional investors and hedge funds own 50.60% of the company’s stock.
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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