Instructure Inc (NYSE:INST) CFO Steven B. Kaminsky sold 2,887 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $47.55, for a total transaction of $137,276.85. Following the transaction, the chief financial officer now owns 156,467 shares of the company’s stock, valued at $7,440,005.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NYSE:INST opened at $48.46 on Wednesday. Instructure Inc has a 52-week low of $29.48 and a 52-week high of $50.19.
Instructure (NYSE:INST) last issued its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.14. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. The business had revenue of $56.25 million during the quarter, compared to the consensus estimate of $55.79 million. During the same period last year, the business posted ($0.27) EPS. Instructure’s revenue was up 25.7% on a year-over-year basis. As a group, sell-side analysts expect that Instructure Inc will post -1.99 EPS for the current fiscal year.
A number of research firms have recently commented on INST. Zacks Investment Research downgraded shares of Instructure from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Berenberg Bank began coverage on shares of Instructure in a research note on Wednesday, March 6th. They set a “hold” rating and a $46.00 price objective for the company. Finally, TheStreet upgraded shares of Instructure from a “d” rating to a “c” rating in a research note on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.88.
A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Instructure by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 335,944 shares of the technology company’s stock valued at $12,601,000 after purchasing an additional 29,657 shares during the last quarter. FMR LLC lifted its stake in Instructure by 50.7% in the 4th quarter. FMR LLC now owns 1,019,934 shares of the technology company’s stock valued at $38,258,000 after purchasing an additional 343,103 shares during the last quarter. Penn Capital Management Co. Inc. lifted its stake in Instructure by 13.9% in the 4th quarter. Penn Capital Management Co. Inc. now owns 181,972 shares of the technology company’s stock valued at $7,536,000 after purchasing an additional 22,168 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Instructure by 17.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 28,576 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 4,172 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Instructure by 51.8% in the 4th quarter. Millennium Management LLC now owns 266,739 shares of the technology company’s stock valued at $10,005,000 after acquiring an additional 91,009 shares during the period. Institutional investors and hedge funds own 90.89% of the company’s stock.
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Instructure Company Profile
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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