Instructure Inc (NYSE:INST) Director Joshua L. Coates sold 18,765 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $47.48, for a total value of $890,962.20. Following the transaction, the director now owns 5,500 shares in the company, valued at $261,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Instructure stock traded up $0.28 during trading on Friday, reaching $47.63. The company’s stock had a trading volume of 478,810 shares, compared to its average volume of 396,518. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -38.72 and a beta of 0.47. Instructure Inc has a 1-year low of $33.47 and a 1-year high of $50.19. The company has a 50-day simple moving average of $41.66 and a two-hundred day simple moving average of $41.77.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.08. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $68.08 million. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The business’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) EPS. As a group, analysts anticipate that Instructure Inc will post -2.1 earnings per share for the current year.
Several research analysts have commented on the company. Raymond James downgraded Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective on the stock. in a report on Friday, July 12th. William Blair restated a “market perform” rating on shares of Instructure in a report on Monday, August 12th. Needham & Company LLC downgraded Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, November 1st. Finally, CIBC raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Instructure has an average rating of “Buy” and an average price target of $47.97.
Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP purchased a new position in Instructure in the 1st quarter worth $3,596,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of Instructure by 60.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,375 shares of the technology company’s stock valued at $724,000 after buying an additional 5,775 shares during the last quarter. Ashburton Jersey Ltd purchased a new position in shares of Instructure during the 2nd quarter valued at about $27,000. SG Americas Securities LLC raised its stake in shares of Instructure by 112.3% during the 2nd quarter. SG Americas Securities LLC now owns 48,545 shares of the technology company’s stock valued at $2,063,000 after buying an additional 25,674 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Instructure during the 2nd quarter valued at about $58,000. 91.00% of the stock is owned by hedge funds and other institutional investors.
Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ-12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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