Insider Selling: Instructure Inc (NYSE:INST) Director Sells 10,000 Shares of Stock

Instructure Inc (NYSE:INST) Director Joshua L. Coates sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.67, for a total transaction of $406,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of INST traded up $0.75 during trading hours on Friday, hitting $41.83. 289,584 shares of the stock were exchanged, compared to its average volume of 385,066. Instructure Inc has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $41.51 and a 200-day moving average of $42.95. The firm has a market capitalization of $1.49 billion, a P/E ratio of -34.01 and a beta of 0.47.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.07. The company had revenue of $62.87 million during the quarter, compared to analysts’ expectations of $62.07 million. Instructure had a negative net margin of 24.07% and a negative return on equity of 41.15%. Instructure’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) earnings per share. As a group, analysts forecast that Instructure Inc will post -2.25 earnings per share for the current fiscal year.



Several analysts have recently weighed in on INST shares. Barrington Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Instructure in a report on Tuesday, April 23rd. William Blair reissued a “market perform” rating on shares of Instructure in a report on Monday. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Friday, August 9th. TheStreet lowered shares of Instructure from a “c” rating to a “d-” rating in a report on Tuesday, April 30th. Finally, Raymond James lowered shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 target price for the company. in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Instructure currently has a consensus rating of “Buy” and a consensus target price of $47.56.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Instructure by 3.2% in the second quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock worth $97,763,000 after purchasing an additional 70,447 shares during the period. Vanguard Group Inc. grew its holdings in Instructure by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock worth $71,998,000 after purchasing an additional 50,458 shares during the period. Mackenzie Financial Corp grew its holdings in Instructure by 0.7% in the second quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock worth $70,131,000 after purchasing an additional 12,000 shares during the period. TimesSquare Capital Management LLC grew its holdings in Instructure by 43.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock worth $67,386,000 after purchasing an additional 434,810 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Instructure by 3.5% in the second quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock worth $56,047,000 after purchasing an additional 45,100 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

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.

See Also: The role of implied volatility with call option volume

Insider Buying and Selling by Quarter for Instructure (NYSE:INST)

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.