Instructure Inc. (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $24.22, for a total transaction of $48,440.00. Following the transaction, the executive vice president now directly owns 11,298 shares in the company, valued at $273,637.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Instructure Inc. (NYSE:INST) opened at 24.70 on Wednesday. The company has a 50-day moving average of $24.54 and a 200-day moving average of $21.13. The company’s market cap is $691.23 million. Instructure Inc. has a 52 week low of $13.21 and a 52 week high of $26.00.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, August 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The company earned $25.89 million during the quarter, compared to the consensus estimate of $24.31 million. The business’s revenue was up 62.9% compared to the same quarter last year. On average, equities analysts expect that Instructure Inc. will post ($1.73) EPS for the current year.

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

Several hedge funds have recently added to or reduced their stakes in INST. JPMorgan Chase & Co. increased its stake in Instructure by 71.4% in the first quarter. JPMorgan Chase & Co. now owns 1,448,669 shares of the company’s stock valued at $25,989,000 after buying an additional 603,502 shares during the period. Lord Abbett & CO. LLC increased its stake in Instructure by 181.5% in the second quarter. Lord Abbett & CO. LLC now owns 806,284 shares of the company’s stock valued at $15,319,000 after buying an additional 519,845 shares during the period. BlackRock Fund Advisors increased its stake in Instructure by 109.4% in the second quarter. BlackRock Fund Advisors now owns 270,465 shares of the company’s stock valued at $5,139,000 after buying an additional 141,302 shares during the period. Granahan Investment Management Inc. MA increased its stake in Instructure by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 356,889 shares of the company’s stock valued at $6,403,000 after buying an additional 79,372 shares during the period. Finally, State Street Corp increased its stake in Instructure by 114.2% in the second quarter. State Street Corp now owns 117,823 shares of the company’s stock valued at $2,240,000 after buying an additional 62,812 shares during the period. Institutional investors and hedge funds own 33.79% of the company’s stock.

A number of research firms have recently weighed in on INST. Jefferies Group upped their target price on shares of 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 downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Instructure in a research report on Wednesday, September 7th. Barrington Research upped their target price on shares of Instructure from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. upped their target price on shares of 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 company’s stock. Instructure currently has a consensus rating of “Buy” and a consensus target price of $26.67.

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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