Instructure Inc. (NYSE:INST) major shareholder Affiliates Fund Lp Openview II sold 98,150 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $24.09, for a total transaction of $2,364,433.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Affiliates Fund Lp Openview II also recently made the following trade(s):

  • On Monday, August 15th, Affiliates Fund Lp Openview II sold 123,604 shares of Instructure stock. The stock was sold at an average price of $24.28, for a total transaction of $3,001,105.12.

Instructure Inc. (NYSE:INST) opened at 25.15 on Friday. The company has a 50-day moving average of $23.94 and a 200 day moving average of $20.13. The company’s market cap is $703.82 million. Instructure Inc. has a 52 week low of $13.21 and a 52 week high of $26.00.

Instructure (NYSE:INST) last posted its earnings results on Monday, August 1st. The company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.08. The business earned $25.89 million during the quarter, compared to analysts’ expectations of $24.31 million. The company’s revenue for the quarter was up 62.9% compared to the same quarter last year. On average, equities analysts forecast that Instructure Inc. will post ($1.73) EPS for the current fiscal year.

A number of analysts have recently weighed in on INST shares. Jefferies Group upped their price target on shares of Instructure from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Needham & Company LLC upped their price target on shares of Instructure from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $27.00 price target on shares of Instructure in a report on Thursday, May 26th. Finally, Barrington Research upped their price target on shares of Instructure from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.67.

Institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its position in Instructure by 2.0% in the second quarter. Guggenheim Capital LLC now owns 61,643 shares of the company’s stock valued at $1,170,000 after buying an additional 1,201 shares during the last quarter. American International Group Inc. increased 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 during the last quarter. Nationwide Fund Advisors increased 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 during the last quarter. Schwab Charles Investment Management Inc. increased its position in Instructure by 46.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,062 shares of the company’s stock valued at $439,000 after buying an additional 7,310 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Instructure during the second quarter valued at $162,000. Hedge funds and other institutional investors own 33.79% of the company’s stock.

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.

5 Day Chart for NYSE:INST

Receive News & Ratings for Instructure Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure Inc. and related companies with MarketBeat.com's FREE daily email newsletter.