Instructure, Inc. (NYSE:INST) Director Steven A. Collins sold 5,000 shares of Instructure stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $33.86, for a total value of $169,300.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $169,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Instructure, Inc. (INST) opened at $33.25 on Tuesday. Instructure, Inc. has a 1 year low of $18.80 and a 1 year high of $36.60.

Instructure (NYSE:INST) last posted its earnings results on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company had revenue of $42.95 million for the quarter, compared to the consensus estimate of $40.57 million. During the same quarter in the previous year, the business earned ($0.34) earnings per share. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. research analysts expect that Instructure, Inc. will post -1.75 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Instructure by 3.7% in the second quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock valued at $70,769,000 after purchasing an additional 84,856 shares during the period. Bank of New York Mellon Corp raised its position in Instructure by 69.1% in the second quarter. Bank of New York Mellon Corp now owns 104,020 shares of the technology company’s stock valued at $3,069,000 after purchasing an additional 42,493 shares during the period. Atlantic Trust Group LLC purchased a new stake in Instructure in the second quarter valued at $1,002,000. Vanguard Group Inc. raised its position in Instructure by 21.3% in the first quarter. Vanguard Group Inc. now owns 474,732 shares of the technology company’s stock valued at $11,109,000 after purchasing an additional 83,381 shares during the period. Finally, Geode Capital Management LLC raised its position in Instructure by 30.6% in the first quarter. Geode Capital Management LLC now owns 54,470 shares of the technology company’s stock valued at $1,274,000 after purchasing an additional 12,750 shares during the period. Institutional investors own 78.99% of the company’s stock.

A number of analysts have recently issued reports on the company. Macquarie assumed coverage on Instructure in a research note on Thursday, December 7th. They issued an “outperform” rating and a $41.00 price target on the stock. Oppenheimer reiterated a “buy” rating and set a $41.00 price objective on shares of Instructure in a research report on Wednesday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. BidaskClub downgraded Instructure from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Instructure has an average rating of “Buy” and an average price target of $38.00.

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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 face-to-face and online learning experiences.

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

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