Instructure Inc (NYSE:INST) CFO Steven B. Kaminsky sold 2,887 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $47.55, for a total value of $137,276.85. Following the sale, the chief financial officer now owns 156,467 shares in the company, valued at approximately $7,440,005.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:INST traded up $1.92 on Tuesday, hitting $48.46. The company’s stock had a trading volume of 1,057,200 shares, compared to its average volume of 380,664. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -39.40 and a beta of 0.57. Instructure Inc has a one year low of $29.48 and a one year high of $50.19.

Instructure (NYSE:INST) last posted its earnings results on Tuesday, February 19th. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.14. Instructure had a negative return on equity of 33.63% and a negative net margin of 20.74%. The company had revenue of $56.25 million for the quarter, compared to the consensus estimate of $55.79 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, equities research analysts forecast that Instructure Inc will post -1.99 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of Instructure in the fourth quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Instructure by 26.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after purchasing an additional 481 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Instructure in the third quarter valued at approximately $162,000. Legal & General Group Plc grew its position in shares of Instructure by 23.7% in the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Instructure in the third quarter valued at approximately $231,000. 90.89% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on INST shares. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. First Analysis lowered Instructure from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $50.00 to $49.00 in a report on Wednesday, February 20th. Berenberg Bank started coverage on Instructure in a report on Wednesday, March 6th. They set a “hold” rating and a $46.00 target price on the stock. Morgan Stanley lowered Instructure from an “overweight” rating to an “equal weight” rating and set a $39.50 target price on the stock. in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, ValuEngine lowered Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Instructure has an average rating of “Hold” and a consensus price target of $45.88.

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About Instructure

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for K–12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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