Instructure Inc. (NYSE:INST) major shareholder Epic Venture Fund Iv, Llc sold 4,558 shares of the stock in a transaction on Friday, October 7th. The stock was sold at an average price of $24.73, for a total value of $112,719.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Epic Venture Fund Iv, Llc also recently made the following trade(s):

  • On Wednesday, September 28th, Epic Venture Fund Iv, Llc sold 17,772 shares of Instructure stock. The stock was sold at an average price of $25.59, for a total value of $454,785.48.

Shares of Instructure Inc. (NYSE:INST) opened at 24.73 on Wednesday. The stock’s market capitalization is $692.07 million. Instructure Inc. has a 52-week low of $13.21 and a 52-week high of $26.00. The company’s 50 day moving average price is $24.43 and its 200 day moving average price is $20.88.

Instructure (NYSE:INST) last issued its earnings results on Monday, August 1st. The company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.08. The firm had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.31 million. The firm’s revenue was up 62.9% on a year-over-year basis. On average, equities research analysts anticipate that Instructure Inc. will post ($1.73) EPS for the current year.

Insider Buying and Selling by Quarter for Instructure (NYSE:INST)

A number of research firms have recently commented on INST. Barrington Research increased their target price on Instructure from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group increased their target price on Instructure from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Instructure in a research note on Wednesday, September 7th. Finally, Raymond James Financial Inc. increased their target price on Instructure from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 2nd. Two equities research 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.67.

A number of large investors have recently modified their holdings of INST. BlackRock Institutional Trust Company N.A. raised its stake in shares of Instructure by 74.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 44,273 shares of the company’s stock worth $794,000 after buying an additional 18,920 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Instructure by 71.4% in the first quarter. JPMorgan Chase & Co. now owns 1,448,669 shares of the company’s stock worth $25,989,000 after buying an additional 603,502 shares during the period. State Street Corp raised its stake in shares of Instructure by 38.9% in the first quarter. State Street Corp now owns 55,011 shares of the company’s stock worth $987,000 after buying an additional 15,400 shares during the period. Geode Capital Management LLC raised its stake in shares of Instructure by 31.2% in the first quarter. Geode Capital Management LLC now owns 38,428 shares of the company’s stock worth $689,000 after buying an additional 9,135 shares during the period. Finally, Granahan Investment Management Inc. MA raised its stake in shares of Instructure by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 356,889 shares of the company’s stock worth $6,403,000 after buying an additional 79,372 shares during the period. 33.79% of the stock is owned by institutional investors and hedge funds.

About Instructure

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.

5 Day Chart for NYSE:INST

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