Instructure Inc. (NYSE:INST) major shareholder Epic Venture Fund Iv, Llc sold 30,204 shares of Instructure stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $20.48, for a total value of $618,577.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, October 26th, Epic Venture Fund Iv, Llc sold 40,000 shares of Instructure stock. The shares were sold at an average price of $26.68, for a total value of $1,067,200.00.
  • On Friday, October 21st, Epic Venture Fund Iv, Llc sold 80,000 shares of Instructure stock. The shares were sold at an average price of $25.60, for a total value of $2,048,000.00.
  • On Friday, October 7th, Epic Venture Fund Iv, Llc sold 4,558 shares of Instructure stock. The shares were sold at an average price of $24.73, for a total value of $112,719.34.
  • On Wednesday, September 28th, Epic Venture Fund Iv, Llc sold 17,772 shares of Instructure stock. The shares were sold at an average price of $25.59, for a total value of $454,785.48.

Shares of Instructure Inc. (NYSE:INST) opened at 19.00 on Monday. Instructure Inc. has a 12-month low of $13.21 and a 12-month high of $26.92. The firm’s market capitalization is $536.66 million. The company has a 50-day moving average price of $23.89 and a 200 day moving average price of $21.65.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 31st. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.08. Instructure had a negative net margin of 52.18% and a negative return on equity of 171.74%. The business earned $30.10 million during the quarter, compared to the consensus estimate of $30.28 million. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. The business’s quarterly revenue was up 44.3% compared to the same quarter last year. On average, equities analysts expect that Instructure Inc. will post ($1.62) earnings per share for the current year.

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

Several brokerages recently weighed in on INST. Barrington Research lifted their price target on Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group lifted their price target on Instructure from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Instructure in a research note on Wednesday, September 7th. Finally, Raymond James Financial Inc. restated a “market perform” rating and issued a $23.00 price target (down previously from $30.00) on shares of Instructure in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Instructure has a consensus rating of “Buy” and an average price target of $25.44.

Several large investors have recently made changes to their positions in INST. PNC Financial Services Group Inc. purchased a new position in Instructure during the third quarter valued at about $110,000. American International Group Inc. boosted 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 valued at $115,000 after buying an additional 3,278 shares in the last quarter. Nationwide Fund Advisors boosted its position in Instructure by 97.4% in the second quarter. Nationwide Fund Advisors now owns 6,748 shares of the company’s stock valued at $128,000 after buying an additional 3,329 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Instructure during the second quarter valued at about $162,000. Finally, Rhumbline Advisers purchased a new position in Instructure during the third quarter valued at about $215,000. Institutional investors and hedge funds own 35.27% of the company’s stock.

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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