Instructure Target of Unusually Large Options Trading (INST)

Instructure Inc (NYSE:INST) was the target of some unusual options trading on Friday. Investors bought 1,267 put options on the stock. This represents an increase of 1,589% compared to the average volume of 75 put options.

A number of research firms have issued reports on INST. ValuEngine upgraded Instructure from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut Instructure from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. William Blair began coverage on Instructure in a report on Thursday, October 26th. They set a “market perform” rating on the stock. BidaskClub cut Instructure from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, Oppenheimer restated a “buy” rating and set a $41.00 price target (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.00.

Instructure (NYSE:INST) opened at $36.75 on Monday. Instructure has a twelve month low of $22.00 and a twelve month high of $37.05. The stock has a market capitalization of $1,094.23, a price-to-earnings ratio of -20.76 and a beta of 1.70.

In other Instructure news, Director Steven A. Collins sold 5,000 shares of the 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 transaction, the director now directly owns 5,000 shares in the company, valued at approximately $169,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen Levy sold 9,000 shares of the stock in a transaction that occurred on 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 $606,767.10. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $830,250 over the last quarter. 62.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of INST. Janus Henderson Group PLC bought a new position in shares of Instructure in the 2nd quarter worth $34,748,000. Renaissance Technologies LLC lifted its holdings in shares of 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 purchasing an additional 557,255 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of 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 purchasing an additional 314,120 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of Instructure by 96.7% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock worth $19,559,000 after purchasing an additional 290,000 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Instructure by 45.9% in the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after purchasing an additional 275,150 shares in the last quarter. Institutional investors own 78.77% of the company’s stock.

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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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