Insider Selling: Instructure Inc (INST) CFO Sells 15,000 Shares of Stock

Instructure Inc (NYSE:INST) CFO Steven B. Kaminsky sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.50, for a total transaction of $562,500.00. Following the transaction, the chief financial officer now directly owns 159,297 shares of the company’s stock, valued at approximately $5,973,637.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Instructure Inc (NYSE INST) traded up $4.15 during midday trading on Tuesday, reaching $41.50. 1,686,507 shares of the company were exchanged, compared to its average volume of 236,694. The company has a market capitalization of $1,110.00 and a PE ratio of -23.84. Instructure Inc has a twelve month low of $22.00 and a twelve month high of $43.80.

Instructure (NYSE:INST) last posted its earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.02. The business had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. research analysts forecast that Instructure Inc will post -1.75 EPS for the current fiscal year.

A number of research analysts have recently commented on INST shares. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. William Blair started coverage on shares of Instructure in a research report on Thursday, October 26th. They set a “market perform” rating for the company. Zacks Investment Research lowered shares of Instructure from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Jefferies Group upped their price objective on shares of Instructure to $43.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $40.40.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after acquiring an additional 220,778 shares during the period. BlackRock Inc. grew its stake in Instructure by 6.8% during the fourth quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock worth $44,633,000 after buying an additional 85,498 shares during the last quarter. Janus Henderson Group PLC grew its stake in Instructure by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after buying an additional 4,282 shares during the last quarter. FMR LLC grew its stake in Instructure by 45.9% during the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after buying an additional 275,150 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its stake in Instructure by 96.7% during the third quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock worth $19,559,000 after buying an additional 290,000 shares during the last quarter. 78.93% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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