Instructure Inc (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of Instructure 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 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 legal filing with the SEC, which is available at this hyperlink.
Instructure Inc (NYSE:INST) traded up 0.20% during midday trading on Monday, reaching $25.05. 197,500 shares of the company’s stock were exchanged. Instructure Inc has a 12 month low of $16.03 and a 12 month high of $26.92. The firm has a 50 day moving average of $23.10 and a 200-day moving average of $22.33. The stock’s market cap is $717.88 million.
Instructure (NYSE:INST) last announced its earnings results on Monday, February 6th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.08. The business had revenue of $31.55 million for the quarter, compared to the consensus estimate of $30.77 million. Instructure had a negative net margin of 48.31% and a negative return on equity of 208.06%. Instructure’s quarterly revenue was up 44.7% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. On average, equities research analysts predict that Instructure Inc will post ($1.31) earnings per share for the current year.
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Several equities research analysts recently issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Instructure in a report on Tuesday, February 7th. Needham & Company LLC reissued a “strong-buy” rating and set a $28.00 target price on shares of Instructure in a report on Tuesday, February 7th. Raymond James Financial, Inc. raised shares of Instructure from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $28.00 to $29.00 in a report on Thursday. Finally, Zacks Investment Research lowered shares of Instructure from a “hold” rating to a “sell” rating in a report on Monday, February 13th. 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. Instructure has a consensus rating of “Buy” and a consensus price target of $27.33.
A number of large investors have recently made changes to their positions in INST. PNC Financial Services Group Inc. bought a new stake in shares of Instructure during the third quarter worth $110,000. Ellington Management Group LLC bought a new stake in shares of Instructure during the fourth quarter worth $311,000. Keybank National Association OH bought a new stake in shares of Instructure during the fourth quarter worth $371,000. A.R.T. Advisors LLC bought a new stake in shares of Instructure during the fourth quarter worth $424,000. Finally, Symmetry Peak Management LLC bought a new stake in shares of Instructure during the third quarter worth $444,000. 50.60% of the stock is currently owned by institutional investors and hedge funds.
Instructure Company Profile
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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