Instructure Inc (INST) Major Shareholder Sells $492,127.00 in Stock
Instructure Inc (NYSE:INST) major shareholder Affiliates Fund Lp Openview II sold 19,900 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $24.73, for a total value of $492,127.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Affiliates Fund Lp Openview II also recently made the following trade(s):
- On Wednesday, February 1st, Affiliates Fund Lp Openview II sold 60,000 shares of Instructure stock. The stock was sold at an average price of $21.92, for a total value of $1,315,200.00.
Instructure Inc (NYSE:INST) traded up 0.20% during trading on Monday, reaching $25.05. The company had a trading volume of 197,500 shares. The stock has a 50 day moving average price of $23.10 and a 200-day moving average price of $22.33. Instructure Inc has a 52-week low of $16.03 and a 52-week high of $26.92. The company’s market capitalization is $717.88 million.
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Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, February 6th. The company reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.08. The company had revenue of $31.55 million for the quarter, compared to analyst estimates of $30.77 million. Instructure had a negative net margin of 48.31% and a negative return on equity of 208.06%. Instructure’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) EPS. On average, equities research analysts anticipate that Instructure Inc will post ($1.31) earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on INST shares. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Needham & Company LLC raised Instructure from a “buy” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research report on Thursday, December 1st. Raymond James Financial, Inc. raised Instructure from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $28.00 to $29.00 in a research report on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Instructure in a research report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Instructure presently has an average rating of “Buy” and an average price target of $27.33.
Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Instructure by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 1,806,228 shares of the company’s stock worth $45,825,000 after buying an additional 260,990 shares during the period. Axiom International Investors LLC DE raised its position in shares of Instructure by 42.5% in the fourth quarter. Axiom International Investors LLC DE now owns 77,556 shares of the company’s stock worth $1,516,000 after buying an additional 23,126 shares during the period. D.A. Davidson & CO. bought a new position in shares of Instructure during the third quarter worth $10,386,000. Wells Fargo & Company MN raised its position in shares of Instructure by 8.7% in the third quarter. Wells Fargo & Company MN now owns 237,260 shares of the company’s stock worth $6,020,000 after buying an additional 18,950 shares during the period. Finally, Formula Growth Ltd. bought a new position in shares of Instructure during the third quarter worth $939,000. Institutional investors own 50.60% of the company’s stock.
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 face-to-face and online learning experiences.
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