Instructure (NYSE:INST) released its quarterly earnings results on Monday. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02, Bloomberg Earnings reports. The firm 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 business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) EPS. Instructure updated its Q1 guidance to ($0.24)-($0.22) EPS and its FY18 guidance to ($1.03)-($0.97) EPS.
Shares of Instructure (NYSE:INST) traded up $4.78 on Tuesday, hitting $42.13. 506,735 shares of the stock traded hands, compared to its average volume of 184,757. Instructure has a 12 month low of $22.00 and a 12 month high of $43.80. The company has a market capitalization of $1,110.00 and a PE ratio of -21.22.
In related news, Director Ellen Levy sold 9,000 shares of the 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 sale, the director now owns 17,562 shares in the company, valued at approximately $606,767.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now owns 5,000 shares in the company, valued at approximately $169,300. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $830,250 over the last ninety days. Insiders own 12.80% of the company’s stock.
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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