Instructure Inc (NYSE:INST) SVP Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 22,498 shares in the company, valued at $809,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Matthew Kaminer also recently made the following trade(s):
- On Friday, November 3rd, Matthew Kaminer sold 3,000 shares of Instructure stock. The stock was sold at an average price of $34.61, for a total value of $103,830.00.
Instructure Inc (NYSE INST) opened at $35.95 on Wednesday. Instructure Inc has a 12-month low of $21.40 and a 12-month high of $36.60. The firm has a market capitalization of $1,052.56, a PE ratio of -20.31 and a beta of 1.78.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating 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 firm had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $40.57 million. During the same period in the previous year, the firm earned ($0.34) EPS. The business’s quarterly revenue was up 42.5% on a year-over-year basis. analysts predict that Instructure Inc will post -1.75 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Instructure by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after buying an additional 220,778 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Instructure by 27.6% during the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after buying an additional 306,964 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Instructure by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares in the last quarter. FMR LLC lifted its position in shares of Instructure by 45.9% during the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Instructure by 519.2% during the 2nd quarter. Renaissance Technologies LLC now owns 664,590 shares of the technology company’s stock valued at $19,605,000 after buying an additional 557,255 shares in the last quarter. 78.77% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on INST shares. Zacks Investment Research cut Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised Instructure from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Oppenheimer reissued a “buy” rating and issued a $38.00 target price on shares of Instructure in a research report on Thursday, October 12th. William Blair started coverage on Instructure in a research report on Thursday, October 26th. They issued a “market perform” rating on the stock. Finally, Jefferies Group raised their target price on Instructure to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Instructure has an average rating of “Buy” and an average target price of $38.00.
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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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