Instructure, Inc. (NYSE:INST) Director Ellen Levy sold 9,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the sale, the director now directly owns 17,562 shares in the company, valued at $606,767.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Instructure, Inc. (NYSE:INST) traded down $0.85 during trading hours on Friday, hitting $33.90. 159,672 shares of the company’s stock were exchanged, compared to its average volume of 251,708. Instructure, Inc. has a 52 week low of $18.80 and a 52 week high of $36.60.

Instructure (NYSE:INST) last issued its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. The company had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) earnings per share. sell-side analysts anticipate that Instructure, Inc. will post -1.75 EPS for the current fiscal year.

INST has been the topic of several recent analyst reports. BidaskClub cut shares of Instructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, August 8th. Morgan Stanley raised shares of Instructure from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $39.00 in a report on Monday, September 18th. Needham & Company LLC reissued a “buy” rating and set a $39.00 target price on shares of Instructure in a report on Sunday, October 1st. Finally, Oppenheimer reissued a “buy” rating and set a $38.00 target price on shares of Instructure in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, seven have issued 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 an average price target of $37.44.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Instructure by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock worth $70,769,000 after acquiring an additional 84,856 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Instructure by 69.1% during the second quarter. Bank of New York Mellon Corp now owns 104,020 shares of the technology company’s stock worth $3,069,000 after acquiring an additional 42,493 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of Instructure during the second quarter worth about $1,002,000. Vanguard Group Inc. grew its position in shares of Instructure by 21.3% during the first quarter. Vanguard Group Inc. now owns 474,732 shares of the technology company’s stock worth $11,109,000 after acquiring an additional 83,381 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Instructure by 30.6% during the first quarter. Geode Capital Management LLC now owns 54,470 shares of the technology company’s stock worth $1,274,000 after acquiring an additional 12,750 shares during the last quarter. Institutional investors and hedge funds own 78.90% of the company’s stock.

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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 face-to-face and online learning experiences.

Insider Buying and Selling by Quarter for Instructure (NYSE:INST)

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