Instructure, Inc. (NYSE:INST) Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction on Monday, October 16th. The stock was sold at an average price of $33.94, for a total value of $271,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Instructure, Inc. (INST) opened at 33.00 on Friday. The company’s 50-day moving average price is $33.17 and its 200-day moving average price is $29.15. The firm’s market cap is $969.51 million. Instructure, Inc. has a 52-week low of $17.85 and a 52-week high of $35.60.
Instructure (NYSE:INST) last released its earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.04. The firm had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $37.09 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The company’s revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) EPS. Equities analysts expect that Instructure, Inc. will post ($1.24) earnings per share for the current fiscal year.
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INST has been the topic of a number of recent research reports. Zacks Investment Research upgraded Instructure from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, July 3rd. First Analysis raised their target price on Instructure from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 target price (up previously from $33.00) on shares of Instructure in a research report on Thursday, July 27th. UBS AG reaffirmed an “outperform” rating and issued a $38.00 target price (up previously from $33.00) on shares of Instructure in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC raised their target price on Instructure from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $36.00.
A number of hedge funds have recently added to or reduced their stakes in INST. Russell Investments Group Ltd. bought a new position in Instructure during the 1st quarter worth about $448,000. Bank of New York Mellon Corp increased its holdings in Instructure by 91.0% during the 1st quarter. Bank of New York Mellon Corp now owns 61,527 shares of the technology company’s stock worth $1,440,000 after purchasing an additional 29,322 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Instructure during the 1st quarter worth about $1,635,000. American International Group Inc. increased its holdings in Instructure by 7.1% during the 1st quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after purchasing an additional 426 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Instructure during the 1st quarter worth about $386,000. Hedge funds and other institutional investors own 78.05% 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 face-to-face and online learning experiences.
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