Marc T. Maloy Sells 2,000 Shares of Instructure, Inc. (INST) Stock
Instructure, Inc. (NYSE:INST) EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.52, for a total value of $67,040.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Instructure, Inc. (INST) traded up 1.03% during trading on Wednesday, hitting $34.45. The company had a trading volume of 192,305 shares. The company’s 50 day moving average price is $31.52 and its 200-day moving average price is $27.94. Instructure, Inc. has a 1-year low of $17.85 and a 1-year high of $34.85. The stock’s market capitalization is $1.01 billion.
Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.04. The firm had revenue of $38.00 million for the quarter, compared to analyst estimates of $37.09 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The company’s revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) EPS. On average, analysts expect that Instructure, Inc. will post ($1.24) EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of INST. Russell Investments Group Ltd. bought a new position in Instructure during the 1st quarter worth approximately $448,000. Bank of New York Mellon Corp grew its position in Instructure by 91.0% during the 1st quarter. Bank of New York Mellon Corp now owns 61,527 shares of the technology company’s stock worth $1,440,000 after acquiring an additional 29,322 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Instructure during the 1st quarter worth approximately $1,635,000. American International Group Inc. grew its position in Instructure by 7.1% during the 1st quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after acquiring an additional 426 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Instructure during the 1st quarter worth approximately $328,000. Institutional investors and hedge funds own 78.33% of the company’s stock.
A number of analysts have recently commented on INST shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $38.00 price target (up from $33.00) on shares of Instructure in a research note on Wednesday, August 2nd. Morgan Stanley raised Instructure from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $39.00 in a research note on Monday, September 18th. First Analysis lifted their price target on Instructure from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. SunTrust Banks, Inc. started coverage on Instructure in a research note on Monday, June 26th. They set a “buy” rating and a $33.00 price target on the stock. Finally, BidaskClub lowered Instructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Instructure presently has an average rating of “Buy” and a consensus target price of $36.00.
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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