Instructure, Inc. (NYSE:INST) Director William M. Conroy sold 8,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $33.94, for a total transaction of $271,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Instructure, Inc. (NYSE:INST) traded up 0.15% during mid-day trading on Tuesday, reaching $34.15. 115,336 shares of the company traded hands. The stock’s 50-day moving average price is $32.31 and its 200-day moving average price is $28.53. Instructure, Inc. has a one year low of $17.85 and a one year high of $35.60. The firm’s market cap is $1.00 billion.
Instructure (NYSE:INST) last released its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.04. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The business had revenue of $38.00 million for the quarter, compared to analyst estimates of $37.09 million. During the same quarter last year, the firm earned ($0.44) EPS. Instructure’s quarterly revenue was up 46.7% compared to the same quarter last year. Analysts forecast that Instructure, Inc. will post ($1.24) earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new position in Instructure during the 2nd quarter worth approximately $7,435,000. Wasatch Advisors Inc. boosted its stake in Instructure by 2.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 221,702 shares of the technology company’s stock worth $6,540,000 after acquiring an additional 5,717 shares during the last quarter. California State Teachers Retirement System boosted its stake in Instructure by 81.5% during the 2nd quarter. California State Teachers Retirement System now owns 37,630 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 16,900 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Instructure during the 2nd quarter worth approximately $184,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Instructure by 94.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,466 shares of the technology company’s stock worth $516,000 after acquiring an additional 8,483 shares during the last quarter. 78.33% of the stock is currently owned by institutional investors and hedge funds.
INST has been the subject of several recent research reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $33.00 target price (up from $30.00) on shares of Instructure in a research note on Friday, June 23rd. SunTrust Banks, Inc. initiated coverage on shares of Instructure in a research note on Monday, June 26th. They set a “buy” rating and a $33.00 target price for the company. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Monday, July 3rd. First Analysis increased their target price on shares of Instructure from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $39.00 target price (up from $33.00) on shares of Instructure in a research note on Thursday, July 27th. Two 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 has a consensus rating of “Buy” and a consensus price target of $36.00.
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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