Instructure (INST) Updates FY18 Earnings Guidance

Instructure (NYSE:INST) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of ($1.03)-($0.97) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.86). The company issued revenue guidance of $203.5-$209.5 million, compared to the consensus revenue estimate of $200.70 million.Instructure also updated its Q1 guidance to ($0.24)-($0.22) EPS.

Shares of Instructure (NYSE INST) traded up $0.60 during midday trading on Monday, reaching $37.35. The company’s stock had a trading volume of 470,994 shares, compared to its average volume of 186,703. The stock has a market cap of $1,120.00 and a P/E ratio of -21.22. Instructure has a 12 month low of $22.00 and a 12 month high of $38.05.

INST has been the subject of a number of recent analyst reports. BidaskClub downgraded Instructure from a strong-buy rating to a buy rating in a report on Tuesday, October 17th. William Blair initiated coverage on Instructure in a report on Thursday, October 26th. They issued a market perform rating for the company. Jefferies Group boosted their target price on Instructure to $43.00 and gave the company a buy rating in a report on Tuesday, October 31st. Oppenheimer reissued a buy rating and issued a $41.00 target price (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Instructure from a hold rating to a buy rating and set a $37.00 target price for the company in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $38.00.

In related news, Director Ellen Levy sold 9,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the transaction, the director now owns 17,562 shares in the company, valued at approximately $606,767.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Kaminer sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now owns 22,498 shares in the company, valued at approximately $809,928. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $830,250 over the last three months. Company insiders own 12.80% 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.

Earnings History and Estimates for Instructure (NYSE:INST)

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