Instructure Target of Unusually High Options Trading (INST)

Instructure Inc (NYSE:INST) was the recipient of some unusual options trading activity on Wednesday. Investors bought 1,647 call options on the stock. This is an increase of 1,772% compared to the average daily volume of 88 call options.

In other Instructure news, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total value of $310,950.00. Following the completion of the transaction, the director now directly owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Collins sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.86, for a total transaction of $169,300.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $169,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,445 shares of company stock valued at $1,594,596. Insiders own 62.50% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Nine Ten Capital Management LLC raised its position in Instructure by 4.3% in the 4th quarter. Nine Ten Capital Management LLC now owns 2,758,900 shares of the technology company’s stock worth $91,320,000 after purchasing an additional 113,576 shares during the period. JPMorgan Chase & Co. raised its position in Instructure by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after purchasing an additional 220,778 shares during the period. BlackRock Inc. raised its position in Instructure by 6.8% in the 4th quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock worth $44,633,000 after purchasing an additional 85,498 shares during the period. Janus Henderson Group PLC raised its position in Instructure by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock worth $39,190,000 after purchasing an additional 4,282 shares during the period. Finally, FMR LLC raised its position in 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 during the period. Institutional investors own 78.93% of the company’s stock.

Several research analysts have commented on INST shares. William Blair started coverage on shares of Instructure in a report on Thursday, October 26th. They issued a “market perform” rating for the company. BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Jefferies Group raised 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. Oppenheimer restated a “buy” rating and set a $41.00 price objective (up previously from $38.00) on shares of Instructure in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Instructure presently has a consensus rating of “Buy” and an average price target of $40.60.

Shares of Instructure (NYSE INST) opened at $42.05 on Thursday. Instructure has a 52-week low of $22.00 and a 52-week high of $43.80.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. 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 31.37% and a negative return on equity of 827.22%. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) EPS. analysts forecast that Instructure will post -1.48 earnings per share for the current year.

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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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