Instructure, Inc. (NYSE:INST) Director Steven A. Collins sold 5,000 shares of Instructure stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $33.86, for a total transaction of $169,300.00. Following the sale, the director now owns 5,000 shares in the company, valued at $169,300. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Instructure, Inc. (NYSE INST) traded down $0.15 on Monday, hitting $33.25. The stock had a trading volume of 124,784 shares, compared to its average volume of 250,001. Instructure, Inc. has a 12-month low of $18.80 and a 12-month high of $36.60.

Instructure (NYSE:INST) last announced its quarterly earnings results 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. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The firm had revenue of $42.95 million for the quarter, compared to analysts’ expectations of $40.57 million. During the same period in the prior year, the business posted ($0.34) earnings per share. The company’s revenue was up 42.5% on a year-over-year basis. sell-side analysts predict that Instructure, Inc. will post -1.75 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Instructure by 9.2% during the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after buying an additional 220,778 shares during the period. Whale Rock Capital Management LLC increased its position in shares of Instructure by 27.6% during the second quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after buying an additional 306,964 shares during the period. SQN Investors LP increased its position in shares of Instructure by 89.3% during the second quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock valued at $39,646,000 after buying an additional 633,875 shares during the period. Janus Henderson Group PLC increased its position in shares of Instructure by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares during the period. Finally, FMR LLC increased its position in shares of Instructure by 45.9% during the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares during the period. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Several equities research analysts recently commented on INST shares. Morgan Stanley upgraded shares of Instructure from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $39.00 in a research report on Monday, September 18th. BidaskClub lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. William Blair assumed coverage on shares of Instructure in a report on Thursday, October 26th. They set a “market perform” rating for the company. Jefferies Group raised their price target on shares of Instructure to $43.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Macquarie assumed coverage on shares of Instructure in a report on Thursday. They set an “outperform” rating and a $41.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Instructure has a consensus rating of “Buy” and a consensus price target of $38.00.

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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.

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

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