Instructure, Inc. (NYSE:INST) Director Steven A. Collins sold 2,000 shares of Instructure stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $23.56, for a total transaction of $47,120.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $47,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Instructure, Inc. (NYSE:INST) opened at 23.80 on Monday. Instructure, Inc. has a 12 month low of $13.34 and a 12 month high of $26.92. The stock’s market cap is $674.66 million. The company’s 50 day moving average is $21.35 and its 200 day moving average is $22.36.
Instructure (NYSE:INST) last released its earnings results 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 earned $31.55 million during the quarter, compared to analysts’ expectations of $30.77 million. Instructure had a negative net margin of 48.31% and a negative return on equity of 208.06%. Instructure’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period last year, the business earned ($0.43) EPS. On average, analysts anticipate that Instructure, Inc. will post ($1.31) EPS for the current fiscal year.
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A number of equities analysts recently commented on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $23.00 target price (down previously from $30.00) on shares of Instructure in a research report on Tuesday, November 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 target price on shares of Instructure in a research report on Tuesday, February 7th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $28.00 target price on shares of Instructure in a research report on Tuesday, February 7th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Saturday, November 5th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $27.00 target price on shares of Instructure in a research report on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.33.
A number of hedge funds have recently added to or reduced their stakes in INST. PNC Financial Services Group Inc. bought a new stake in Instructure during the third quarter worth approximately $110,000. Schwab Charles Investment Management Inc. boosted its stake in Instructure by 46.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,062 shares of the company’s stock worth $439,000 after buying an additional 7,310 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Instructure during the second quarter worth approximately $162,000. State Street Corp boosted its stake in Instructure by 6.8% in the fourth quarter. State Street Corp now owns 161,937 shares of the company’s stock worth $3,167,000 after buying an additional 10,348 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Instructure by 80.8% in the second quarter. Bank of New York Mellon Corp now owns 24,888 shares of the company’s stock worth $473,000 after buying an additional 11,124 shares during the period. Institutional investors own 50.60% of the company’s stock.
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 engaging face-to-face and online learning experiences.
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