Instructure Inc (NYSE:INST) Sees Significant Growth in Short Interest

Instructure Inc (NYSE:INST) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,822,500 shares, an increase of 9.2% from the June 30th total of 4,415,700 shares. Based on an average daily trading volume, of 363,800 shares, the short-interest ratio is presently 13.3 days. Currently, 16.5% of the company’s stock are short sold.

In other Instructure news, CFO Steven B. Kaminsky sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $41.50, for a total transaction of $830,000.00. Following the transaction, the chief financial officer now directly owns 181,617 shares in the company, valued at $7,537,105.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joshua L. Coates sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $44.99, for a total value of $449,900.00. Following the transaction, the director now owns 5,500 shares in the company, valued at $247,445. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,000 shares of company stock worth $3,296,010. Corporate insiders own 9.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association boosted its holdings in Instructure by 12.6% during the second quarter. United Services Automobile Association now owns 4,930 shares of the technology company’s stock valued at $210,000 after purchasing an additional 551 shares in the last quarter. Ashburton Jersey Ltd acquired a new stake in Instructure during the second quarter valued at approximately $27,000. Legal & General Group Plc boosted its holdings in Instructure by 23.7% during the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares in the last quarter. Aperio Group LLC acquired a new stake in Instructure during the second quarter valued at approximately $58,000. Finally, Bank of New York Mellon Corp boosted its holdings in Instructure by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 131,883 shares of the technology company’s stock valued at $5,605,000 after purchasing an additional 1,470 shares in the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.



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

Instructure (NYSE:INST) last released its earnings results on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.07. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The business had revenue of $62.87 million for the quarter, compared to the consensus estimate of $62.07 million. During the same period last year, the business earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities analysts predict that Instructure will post -2.25 EPS for the current year.

A number of equities analysts have recently commented on the company. TheStreet lowered Instructure from a “c” rating to a “d-” rating in a research note on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Instructure in a research note on Tuesday, July 30th. William Blair reiterated a “market perform” rating on shares of Instructure in a research note on Monday. CIBC upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective on the stock in a research note on Monday. Finally, Barrington Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Instructure in a research note on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.56.

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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