Instructure Inc. (INST) Major Shareholder Epic Venture Fund Iv, Llc Sells 4,558 Shares
Instructure Inc. (NYSE:INST) major shareholder Epic Venture Fund Iv, Llc sold 4,558 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $24.73, for a total value of $112,719.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Epic Venture Fund Iv, Llc also recently made the following trade(s):
- On Wednesday, September 28th, Epic Venture Fund Iv, Llc sold 17,772 shares of Instructure stock. The stock was sold at an average price of $25.59, for a total value of $454,785.48.
Instructure Inc. (NYSE:INST) opened at 24.73 on Wednesday. Instructure Inc. has a 12-month low of $13.21 and a 12-month high of $26.00. The firm’s market cap is $692.07 million. The company has a 50-day moving average price of $24.43 and a 200-day moving average price of $20.88.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/instructure-inc-inst-major-shareholder-epic-venture-fund-iv-llc-sells-4558-shares.html
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, August 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.08. The company had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $24.31 million. Instructure’s quarterly revenue was up 62.9% compared to the same quarter last year. On average, equities analysts predict that Instructure Inc. will post ($1.73) earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Instructure by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 1,545,238 shares of the company’s stock worth $29,360,000 after buying an additional 96,569 shares in the last quarter. Harvest Capital Strategies LLC bought a new position in Instructure during the first quarter worth about $897,000. Granahan Investment Management Inc. MA raised its position in Instructure by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 356,889 shares of the company’s stock worth $6,403,000 after buying an additional 79,372 shares in the last quarter. Geode Capital Management LLC raised its position in Instructure by 31.2% in the first quarter. Geode Capital Management LLC now owns 38,428 shares of the company’s stock worth $689,000 after buying an additional 9,135 shares in the last quarter. Finally, State Street Corp raised its position in Instructure by 38.9% in the first quarter. State Street Corp now owns 55,011 shares of the company’s stock worth $987,000 after buying an additional 15,400 shares in the last quarter. 33.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Barrington Research upped their target price on Instructure from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Jefferies Group upped their target price on Instructure from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Instructure in a research note on Wednesday, September 7th. Finally, Raymond James Financial Inc. upped their target price on Instructure from $28.00 to $30.00 and gave the stock 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.67.
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.