Insider Selling: Instructure Inc (INST) COO Sells 5,445 Shares of Stock

Instructure Inc (NYSE:INST) COO Mitch Macfarlane sold 5,445 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $37.07, for a total value of $201,846.15. Following the completion of the sale, the chief operating officer now owns 50,526 shares in the company, valued at approximately $1,872,998.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mitch Macfarlane also recently made the following trade(s):

  • On Monday, January 22nd, Mitch Macfarlane sold 5,000 shares of Instructure stock. The stock was sold at an average price of $34.00, for a total value of $170,000.00.

Shares of Instructure Inc (NYSE:INST) traded up $4.15 during trading on Tuesday, hitting $41.50. The stock had a trading volume of 1,686,507 shares, compared to its average volume of 236,694. The stock has a market capitalization of $1,110.00 and a price-to-earnings ratio of -23.84. Instructure Inc has a 1 year low of $22.00 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.02. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company had revenue of $43.80 million for the quarter, compared to analyst estimates of $41.43 million. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. The firm’s quarterly revenue was up 39.0% compared to the same quarter last year. equities analysts forecast that Instructure Inc will post -1.75 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in Instructure by 54.6% in the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,440 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Instructure in the third quarter valued at about $213,000. Voya Investment Management LLC purchased a new position in Instructure in the second quarter valued at about $275,000. California Public Employees Retirement System purchased a new position in Instructure in the third quarter valued at about $351,000. Finally, Nationwide Fund Advisors grew its stake in Instructure by 98.7% in the second quarter. Nationwide Fund Advisors now owns 12,035 shares of the technology company’s stock valued at $355,000 after purchasing an additional 5,979 shares during the last quarter. Institutional investors own 78.93% of the company’s stock.

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

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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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