Instructure Target of Unusually Large Options Trading (NYSE:INST)

Instructure Inc (NYSE:INST) was the recipient of some unusual options trading activity on Monday. Stock investors bought 1,075 call options on the stock. This is an increase of approximately 1,353% compared to the average daily volume of 74 call options.

In other news, Director Joshua L. Coates sold 1,242 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $44.97, for a total transaction of $55,852.74. Following the completion of the sale, the director now owns 5,500 shares of the company’s stock, valued at $247,335. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua L. Coates sold 38,189 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $46.04, for a total transaction of $1,758,221.56. Following the sale, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $253,220. The disclosure for this sale can be found here. Insiders sold 167,471 shares of company stock valued at $8,188,574 in the last ninety days. Insiders own 9.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Instructure by 3.2% in the second quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock valued at $97,763,000 after purchasing an additional 70,447 shares in the last quarter. Vanguard Group Inc. lifted its stake in Instructure by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock valued at $71,998,000 after acquiring an additional 50,458 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Instructure by 0.7% in the second quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock valued at $70,131,000 after acquiring an additional 12,000 shares during the last quarter. Tensile Capital Management LLC lifted its stake in Instructure by 32.1% in the second quarter. Tensile Capital Management LLC now owns 1,007,372 shares of the technology company’s stock valued at $42,813,000 after acquiring an additional 245,000 shares during the last quarter. Finally, CDAM UK Ltd lifted its stake in Instructure by 15.0% in the third quarter. CDAM UK Ltd now owns 705,457 shares of the technology company’s stock valued at $27,329,000 after acquiring an additional 92,216 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

Instructure stock opened at $47.66 on Wednesday. The company has a market cap of $1.80 billion, a P/E ratio of -38.75 and a beta of 0.48. Instructure has a 1-year low of $37.01 and a 1-year high of $54.31. The company has a fifty day simple moving average of $49.11 and a 200 day simple moving average of $44.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

Instructure (NYSE:INST) last released its earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $68.08 million. Instructure had a negative net margin of 26.64% and a negative return on equity of 44.38%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. On average, equities research analysts forecast that Instructure will post -2.1 EPS for the current year.

INST has been the subject of several research reports. SunTrust Banks downgraded shares of Instructure from a “buy” rating to a “hold” rating and set a $47.60 price objective for the company. in a research report on Tuesday. ValuEngine downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup downgraded shares of Instructure from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $47.60 in a research report on Thursday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Instructure in a research report on Monday, November 18th. Finally, Barrington Research downgraded shares of Instructure from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 5th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.38.

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 KÂ-12 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.

See Also: What is quantitative easing?

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.