Instructure (INST) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Instructure (NYSE:INST) announced its quarterly earnings results on Monday. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02, Bloomberg Earnings reports. The company had revenue of $43.80 million during the quarter, compared to the consensus estimate of $41.43 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The firm’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.35) earnings per share. Instructure updated its Q1 guidance to ($0.24)-($0.22) EPS and its FY18 guidance to ($1.03)-($0.97) EPS.
Instructure (NYSE INST) traded up $4.87 during trading hours on Tuesday, reaching $42.22. 651,121 shares of the company’s stock were exchanged, compared to its average volume of 186,933. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $43.80. The company has a market cap of $1,110.00 and a P/E ratio of -21.22.
In other Instructure news, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the senior vice president now owns 22,498 shares of the company’s stock, valued at approximately $809,928. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the sale, the director now directly owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,000 shares of company stock valued at $830,250. 12.80% of the stock is currently owned by insiders.
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.
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