Instructure Inc (NYSE:INST) Director Joshua L. Coates sold 10,000 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $44.99, for a total value of $449,900.00. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at $247,445. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NYSE:INST opened at $43.35 on Friday. The firm has a 50-day moving average of $41.84. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.30. Instructure Inc has a 12 month low of $29.48 and a 12 month high of $50.19. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -35.24 and a beta of 0.47.
Instructure (NYSE:INST) last released its quarterly earnings data on Monday, April 29th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The company had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $57.24 million. During the same period last year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, research analysts predict that Instructure Inc will post -2.26 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Nine Ten Capital Management LLC grew its stake in shares of Instructure by 3.5% during the fourth quarter. Nine Ten Capital Management LLC now owns 3,219,920 shares of the technology company’s stock valued at $120,779,000 after acquiring an additional 108,433 shares in the last quarter. BlackRock Inc. grew its stake in shares of Instructure by 5.8% during the fourth quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock valued at $82,474,000 after acquiring an additional 120,573 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Instructure by 43.7% during the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after acquiring an additional 434,810 shares in the last quarter. FMR LLC grew its stake in shares of Instructure by 26.0% during the first quarter. FMR LLC now owns 1,285,554 shares of the technology company’s stock valued at $60,575,000 after acquiring an additional 265,620 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Instructure by 12.4% during the first quarter. Janus Henderson Group PLC now owns 1,273,662 shares of the technology company’s stock valued at $60,015,000 after acquiring an additional 140,714 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.
Instructure Company Profile
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 KÂ12 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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