Instructure Inc. (INST) Major Shareholder Epic Venture Fund Iv, Llc Sells 17,772 Shares
Instructure Inc. (NYSE:INST) major shareholder Epic Venture Fund Iv, Llc sold 17,772 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.59, for a total value of $454,785.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Instructure Inc. (NYSE:INST) opened at 25.37 on Friday. The company’s market capitalization is $709.98 million. The company has a 50-day moving average price of $24.21 and a 200 day moving average price of $20.48. Instructure Inc. has a 1-year low of $13.21 and a 1-year high of $26.00.
Instructure (NYSE:INST) last posted its earnings results on Monday, August 1st. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The firm had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $24.31 million. The company’s revenue for the quarter was up 62.9% on a year-over-year basis. Equities research analysts anticipate that Instructure Inc. will post ($1.73) EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its position in Instructure by 118.3% in the second quarter. American International Group Inc. now owns 6,048 shares of the company’s stock worth $115,000 after buying an additional 3,278 shares during the period. Nationwide Fund Advisors increased its position in Instructure by 97.4% in the second quarter. Nationwide Fund Advisors now owns 6,748 shares of the company’s stock worth $128,000 after buying an additional 3,329 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in Instructure during the second quarter worth $162,000. Strs Ohio increased its position in Instructure by 570.6% in the second quarter. Strs Ohio now owns 11,400 shares of the company’s stock worth $216,000 after buying an additional 9,700 shares during the period. Finally, A.R.T. Advisors LLC purchased a new position in Instructure during the second quarter worth $248,000. Hedge funds and other institutional investors own 33.79% of the company’s stock.
Several research analysts have weighed in on the company. Barrington Research boosted their price target on Instructure from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Jefferies Group boosted their price target on Instructure from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Instructure in a research report on Wednesday, September 7th. Finally, Raymond James Financial Inc. boosted their price target on Instructure from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.67.
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 engaging face-to-face and online learning experiences.
Receive News & Stock Ratings for Instructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure Inc. and related stocks with our FREE daily email newsletter.