Instructure Inc (INST) Expected to Announce Quarterly Sales of $41.39 Million

Wall Street analysts expect Instructure Inc (NYSE:INST) to report $41.39 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Instructure’s earnings, with estimates ranging from $41.23 million to $41.57 million. Instructure posted sales of $31.55 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Monday, February 12th.

On average, analysts expect that Instructure will report full-year sales of $41.39 million for the current fiscal year, with estimates ranging from $156.00 million to $156.54 million. For the next year, analysts expect that the company will report sales of $201.10 million per share, with estimates ranging from $199.00 million to $204.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Instructure.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, December 1st. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub cut shares of Instructure from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Oppenheimer reissued a “buy” rating and issued a $41.00 target price (up previously from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Finally, Macquarie assumed coverage on shares of Instructure in a report on Thursday, December 7th. They issued an “outperform” rating and a $41.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $38.00.

Instructure (NYSE INST) opened at $35.75 on Friday. The company has a market cap of $1,076.38, a PE ratio of -20.71 and a beta of 1.70. Instructure has a fifty-two week low of $22.00 and a fifty-two week high of $37.00.

In related news, COO Mitch Macfarlane sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $34.00, for a total value of $170,000.00. Following the completion of the transaction, the chief operating officer now owns 48,581 shares in the company, valued at approximately $1,651,754. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock valued at $830,250. 62.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. raised its holdings in Instructure by 96.7% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock valued at $19,559,000 after buying an additional 290,000 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in Instructure by 2.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 221,702 shares of the technology company’s stock valued at $6,540,000 after buying an additional 5,717 shares during the last quarter. Vanguard Group Inc. raised its holdings in Instructure by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 585,647 shares of the technology company’s stock valued at $17,276,000 after buying an additional 110,915 shares during the last quarter. State Street Corp raised its holdings in Instructure by 92.4% in the 2nd quarter. State Street Corp now owns 315,814 shares of the technology company’s stock valued at $9,320,000 after buying an additional 151,661 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Instructure by 89.6% in the 3rd quarter. Quantbot Technologies LP now owns 15,901 shares of the technology company’s stock valued at $527,000 after buying an additional 7,516 shares during the last quarter. Institutional investors and hedge funds own 78.77% 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.

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Earnings History and Estimates for Instructure (NYSE:INST)

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