Wall Street analysts expect that Instructure, Inc. (NYSE:INST) will report sales of $41.40 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Instructure’s earnings, with the lowest sales estimate coming in at $41.23 million and the highest estimate coming in at $41.57 million. Instructure reported sales of $31.55 million during the same quarter last year, which indicates a positive year over year growth rate of 31.2%. The firm is scheduled to issue its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Instructure will report full-year sales of $41.40 million for the current fiscal year, with estimates ranging from $156.00 million to $156.54 million. For the next fiscal year, analysts anticipate that the business will report sales of $201.51 million per share, with estimates ranging from $199.00 million to $204.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Instructure.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. The business had revenue of $42.95 million during the quarter, compared to analyst estimates of $40.57 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.34) earnings per share.

Several brokerages have recently weighed in on INST. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday. BidaskClub lowered Instructure from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating and set a $41.00 target price (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Jefferies Group upped their target price on Instructure to $43.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, William Blair began coverage on Instructure in a report on Thursday, October 26th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.67.

Shares of Instructure (NYSE:INST) opened at $33.90 on Friday. Instructure has a twelve month low of $18.80 and a twelve month high of $36.60.

In other news, EVP Marc T. Maloy sold 2,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $33.52, for a total transaction of $67,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mitch Macfarlane sold 7,650 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $30.12, for a total value of $230,418.00. Following the sale, the chief operating officer now directly owns 12,298 shares of the company’s stock, valued at $370,415.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,517 shares of company stock valued at $2,397,173. 62.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in INST. Janus Henderson Group PLC purchased a new stake in Instructure in the 2nd quarter worth about $34,748,000. SQN Investors LP lifted its stake in Instructure by 89.3% in the 2nd quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock worth $39,646,000 after acquiring an additional 633,875 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Instructure by 519.2% in the 2nd quarter. Renaissance Technologies LLC now owns 664,590 shares of the technology company’s stock worth $19,605,000 after acquiring an additional 557,255 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Instructure by 269.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 430,868 shares of the technology company’s stock worth $14,283,000 after acquiring an additional 314,120 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted its stake in Instructure by 27.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock worth $41,834,000 after acquiring an additional 306,964 shares in the last quarter. 78.90% of the stock is owned by hedge funds and other institutional investors.

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About Instructure

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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Earnings History and Estimates for Instructure (NYSE:INST)

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