Instructure Inc. (INST) EVP Marc T. Maloy Sells 2,000 Shares
Instructure Inc. (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $24.22, for a total transaction of $48,440.00. Following the completion of the sale, the executive vice president now owns 11,298 shares in the company, valued at $273,637.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Instructure Inc. (NYSE:INST) traded up 1.56% during trading on Tuesday, reaching $24.70. 85,837 shares of the company were exchanged. The firm’s 50 day moving average price is $24.51 and its 200 day moving average price is $21.07. The company’s market capitalization is $691.23 million. Instructure Inc. has a one year low of $13.21 and a one year high of $26.00.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, August 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. The business’s revenue for the quarter was up 62.9% on a year-over-year basis. Equities research analysts forecast that Instructure Inc. will post ($1.73) earnings per share for the current fiscal year.
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INST has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Instructure in a report on Wednesday, September 7th. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Jefferies Group lifted their price objective on shares of Instructure from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Barrington Research lifted their price objective on shares of Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. lifted their price objective on shares of Instructure from $28.00 to $30.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 2nd. Two research 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.67.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted 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 worth $115,000 after buying an additional 3,278 shares during the last quarter. Nationwide Fund Advisors boosted its position in Instructure by 97.4% in the second quarter. Nationwide Fund Advisors now owns 6,748 shares of the company’s stock worth $128,000 after buying an additional 3,329 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in Instructure during the second quarter worth about $162,000. Strs Ohio boosted its position in Instructure by 570.6% in the second quarter. Strs Ohio now owns 11,400 shares of the company’s stock worth $216,000 after buying an additional 9,700 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Instructure during the second quarter worth about $248,000. 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.
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