Instructure, Inc. (NYSE:INST) Issues Q3 Earnings Guidance

Instructure, Inc. (NYSE:INST) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.32)-(0.30) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.31). The company issued revenue guidance of $40.2-40.8 million, compared to the consensus revenue estimate of $39.75 million.Instructure also updated its FY17 guidance to ($1.26)-(1.23) EPS.

Instructure, Inc. (NYSE INST) opened at 31.35 on Friday. The stock’s 50 day moving average price is $30.41 and its 200 day moving average price is $26.01. The firm’s market capitalization is $921.03 million. Instructure, Inc. has a 52 week low of $17.85 and a 52 week high of $34.10.

Instructure (NYSE:INST) last issued its earnings results on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, topping the Thomson Reuters’ 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%. Instructure’s revenue was up 46.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) earnings per share. On average, equities analysts expect that Instructure, Inc. will post ($1.24) EPS for the current year.

INST has been the subject of several recent research reports. Jefferies Group LLC increased their price objective on Instructure from $27.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, May 2nd. SunTrust Banks, Inc. initiated coverage on Instructure in a report on Monday, June 26th. They set a buy rating and a $33.00 price objective for the company. Needham & Company LLC reiterated a buy rating and set a $39.00 price objective (up from $33.00) on shares of Instructure in a report on Thursday, July 27th. BidaskClub lowered Instructure from a strong-buy rating to a buy rating in a report on Saturday, August 5th. Finally, Zacks Investment Research upgraded Instructure from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Instructure has an average rating of Buy and a consensus price target of $35.63.

In other news, CFO Steven B. Kaminsky sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the sale, the chief financial officer now directly owns 150,459 shares of the company’s stock, valued at $4,513,770. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $31.70, for a total value of $63,400.00. Following the completion of the sale, the executive vice president now directly owns 13,272 shares in the company, valued at $420,722.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $750,260. Corporate insiders own 62.50% of the company’s stock.

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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.

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