Instructure Inc. (INST) EVP Marc T. Maloy Sells 2,000 Shares of Stock
Instructure Inc. (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction on Monday, October 17th. The stock was sold at an average price of $24.22, for a total value of $48,440.00. Following the sale, the executive vice president now owns 11,298 shares of the company’s stock, valued at $273,637.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Instructure Inc. (NYSE:INST) opened at 24.70 on Wednesday. The stock’s market cap is $691.23 million. Instructure Inc. has a 1-year low of $13.21 and a 1-year high of $26.00. The firm has a 50-day moving average price of $24.54 and a 200 day moving average price of $21.13.
Instructure (NYSE:INST) last issued its earnings results on Monday, August 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.08. The company earned $25.89 million during the quarter, compared to analysts’ expectations of $24.31 million. The business’s quarterly revenue was up 62.9% on a year-over-year basis. On average, equities research analysts anticipate that Instructure Inc. will post ($1.73) EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of INST. American International Group Inc. raised its position in shares of 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 period. Nationwide Fund Advisors raised its position in shares of 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 period. Metropolitan Life Insurance Co. NY acquired a new position in shares of Instructure during the second quarter valued at approximately $162,000. Strs Ohio raised its position in shares of 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 period. Finally, A.R.T. Advisors LLC acquired a new position in shares of Instructure during the second quarter valued at approximately $248,000. Institutional investors own 33.79% of the company’s stock.
Several analysts have recently weighed in on INST shares. Needham & Company LLC lifted their target price on Instructure from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Raymond James Financial Inc. lifted their target price on Instructure from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Barrington Research raised their price target on Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Jefferies Group restated a “buy” rating on shares of Instructure in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.67.
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.
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.