Insider Selling: Instructure Inc (NYSE:INST) Director Sells $449,900.00 in Stock

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.



Several brokerages recently weighed in on INST. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James reissued a “hold” rating and issued a $19.50 price objective on shares of in a research report on Friday. ValuEngine lowered Yara International ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. TheStreet lowered UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. Finally, Barrington Research set a $110.00 price objective on Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.48.

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 K–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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