Instructure, Inc. (INST) Director Sells $169,300.00 in Stock

Instructure, Inc. (NYSE:INST) Director Steven A. Collins sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.86, for a total value of $169,300.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $169,300. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Instructure, Inc. (INST) traded up $0.65 during trading on Thursday, hitting $33.55. The stock had a trading volume of 158,000 shares, compared to its average volume of 249,418. Instructure, Inc. has a 1-year low of $18.80 and a 1-year high of $36.60.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The business had revenue of $42.95 million during the quarter, compared to the consensus estimate of $40.57 million. During the same period in the previous year, the company posted ($0.34) earnings per share. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. research analysts predict that Instructure, Inc. will post -1.75 EPS for the current year.

Several institutional investors have recently made changes to their positions in INST. Legal & General Group Plc lifted its stake in Instructure by 54.6% during the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,440 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Instructure during the second quarter worth approximately $184,000. Metropolitan Life Insurance Co. NY purchased a new stake in Instructure during the first quarter worth approximately $192,000. Oppenheimer Asset Management Inc. purchased a new stake in Instructure in the third quarter valued at approximately $213,000. Finally, Quantbot Technologies LP purchased a new stake in Instructure in the second quarter valued at approximately $247,000. 78.99% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on INST shares. Morgan Stanley upgraded Instructure from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $39.00 in a report on Monday, September 18th. Needham & Company LLC reiterated a “buy” rating and set a $39.00 price target on shares of Instructure in a report on Sunday, October 1st. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub upgraded Instructure from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Finally, Oppenheimer restated a “buy” rating and issued a $38.00 price objective on shares of Instructure in a report on Thursday, October 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.00.

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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.

Insider Buying and Selling by Quarter for Instructure (NYSE:INST)

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