Instructure, Inc. (NYSE:INST) Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.59, for a total transaction of $236,720.00. Following the sale, the director now directly owns 32,031 shares of the company’s stock, valued at approximately $947,797.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Instructure, Inc. (NYSE:INST) traded up 0.34% during midday trading on Friday, hitting $29.70. 353,861 shares of the stock were exchanged. Instructure, Inc. has a 1-year low of $17.85 and a 1-year high of $34.10. The company’s 50 day moving average is $30.20 and its 200-day moving average is $25.69. The stock’s market cap is $872.56 million.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.04. The business had revenue of $38 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 business’s revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.44) earnings per share. On average, analysts expect that Instructure, Inc. will post ($1.24) earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Instructure by 54.6% in the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after buying an additional 1,440 shares in the last quarter. American International Group Inc. raised its position in Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after buying an additional 426 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in Instructure during the first quarter worth $192,000. Essex Investment Management Co. LLC bought a new position in Instructure during the second quarter worth $238,000. Finally, Quantbot Technologies LP acquired a new position in shares of Instructure during the second quarter valued at approximately $247,000. 65.15% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on INST shares. Needham & Company LLC boosted their target price on shares of Instructure from $28.00 to $33.00 and gave the company a “strong-buy” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC upped their price objective on shares of Instructure from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of Instructure in a research report on Thursday, May 4th. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of Instructure from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.63.
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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