Instructure Inc (NYSE:INST) – Investment analysts at Oppenheimer lifted their Q1 2018 earnings per share (EPS) estimates for Instructure in a research report issued on Tuesday. Oppenheimer analyst B. Schwartz now anticipates that the technology company will post earnings per share of ($0.39) for the quarter, up from their prior forecast of ($0.41). Oppenheimer currently has a “Outperform” rating and a $43.00 price target on the stock. Oppenheimer also issued estimates for Instructure’s Q2 2018 earnings at ($0.44) EPS, Q3 2018 earnings at ($0.47) EPS, Q4 2018 earnings at ($0.48) EPS and FY2018 earnings at ($1.78) EPS.
A number of other equities analysts have also recently issued reports on INST. William Blair initiated coverage on Instructure in a report on Thursday, October 26th. They issued a “market perform” rating on the stock. BidaskClub cut Instructure from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Jefferies Group lifted their target price on Instructure to $43.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, November 9th. Finally, Macquarie initiated coverage on Instructure in a report on Thursday, December 7th. They issued an “outperform” rating and a $41.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Instructure presently has an average rating of “Buy” and an average price target of $40.60.
Shares of Instructure (INST) opened at $42.30 on Friday. Instructure has a 12 month low of $22.00 and a 12 month high of $43.80. The company has a market capitalization of $1,260.00 and a price-to-earnings ratio of -24.88.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, February 12th. The technology company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.02. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $41.43 million. During the same quarter in the previous year, the business earned ($0.35) EPS. The company’s quarterly revenue was up 39.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nine Ten Capital Management LLC grew its stake in Instructure by 4.3% in the fourth quarter. Nine Ten Capital Management LLC now owns 2,758,900 shares of the technology company’s stock valued at $91,320,000 after purchasing an additional 113,576 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after buying an additional 220,778 shares during the last quarter. BlackRock Inc. lifted its position in shares of Instructure by 6.8% in the fourth quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock worth $44,633,000 after buying an additional 85,498 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Instructure by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after buying an additional 4,282 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Instructure by 45.9% in the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after buying an additional 275,150 shares during the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.
In other Instructure news, Director Steven A. Collins sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $33.86, for a total value of $169,300.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $169,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven B. Kaminsky sold 15,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.50, for a total value of $562,500.00. Following the completion of the transaction, the chief financial officer now owns 159,297 shares in the company, valued at approximately $5,973,637.50. The disclosure for this sale can be found here. Insiders sold 44,445 shares of company stock worth $1,594,596 in the last 90 days. Corporate insiders own 62.50% 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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