Instructure Inc. (NYSE:INST) CFO Steven B. Kaminsky sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $25.20, for a total transaction of $50,400.00. Following the completion of the sale, the chief financial officer now owns 264,715 shares of the company’s stock, valued at $6,670,818. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Instructure Inc. (NYSE:INST) opened at 24.73 on Monday. Instructure Inc. has a 12-month low of $13.21 and a 12-month high of $26.00. The company’s market capitalization is $692.07 million. The firm has a 50-day moving average of $24.36 and a 200 day moving average of $20.74.
Instructure (NYSE:INST) last posted its earnings results on Monday, August 1st. The company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.52) by $0.08. The business had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.31 million. Instructure’s revenue was up 62.9% compared to the same quarter last year. Analysts forecast that Instructure Inc. will post ($1.73) EPS for the current fiscal year.
Several equities research analysts recently issued reports on INST shares. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Instructure in a research note on Wednesday, September 7th. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Jefferies Group raised their target price on shares of Instructure from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Barrington Research raised their target price on shares of Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Raymond James Financial Inc. raised their target price on shares of Instructure from $28.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 2nd. Two investment 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 stock. Instructure presently has a consensus rating of “Buy” and a consensus target price of $26.67.
Several large investors have recently bought and sold shares of INST. American International Group Inc. increased its stake 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 during the last quarter. Nationwide Fund Advisors increased its stake 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 during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Instructure during the second quarter valued at approximately $162,000. Strs Ohio increased its stake in Instructure by 570.6% in the second quarter. Strs Ohio now owns 11,400 shares of the company’s stock valued at $216,000 after buying an additional 9,700 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in Instructure during the second quarter valued at approximately $248,000. 33.79% of the stock is owned by institutional investors.
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 engaging face-to-face and online learning experiences.
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