Insider Selling: Instructure Inc (NYSE:INST) CMO Sells 591 Shares of Stock

Instructure Inc (NYSE:INST) CMO Marta Debellis sold 591 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $53.18, for a total value of $31,429.38. Following the transaction, the chief marketing officer now owns 1,526 shares of the company’s stock, valued at approximately $81,152.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Marta Debellis also recently made the following trade(s):

  • On Thursday, October 31st, Marta Debellis sold 236 shares of Instructure stock. The shares were sold at an average price of $45.00, for a total value of $10,620.00.
  • On Thursday, October 24th, Marta Debellis sold 382 shares of Instructure stock. The stock was sold at an average price of $44.00, for a total value of $16,808.00.
  • On Tuesday, October 15th, Marta Debellis sold 515 shares of Instructure stock. The stock was sold at an average price of $42.00, for a total value of $21,630.00.
  • On Thursday, October 10th, Marta Debellis sold 412 shares of Instructure stock. The stock was sold at an average price of $42.00, for a total value of $17,304.00.

NYSE:INST traded up $0.44 during midday trading on Tuesday, hitting $52.96. The stock had a trading volume of 338,835 shares, compared to its average volume of 405,045. The stock has a 50-day moving average of $47.72 and a 200 day moving average of $42.71. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -43.06 and a beta of 0.52. Instructure Inc has a one year low of $33.47 and a one year high of $54.31. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.28.

Instructure (NYSE:INST) last issued its earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $68.08 million. During the same period in the previous year, the company posted ($0.15) EPS. Instructure’s revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts anticipate that Instructure Inc will post -2.1 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Ashburton Jersey Ltd purchased a new stake in Instructure in the second quarter worth about $27,000. Aperio Group LLC bought a new position in Instructure during the 2nd quarter worth about $58,000. Ladenburg Thalmann Financial Services Inc. bought a new position in Instructure during the 2nd quarter worth about $63,000. Russell Investments Group Ltd. increased its position in Instructure by 100.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,020 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Instructure during the 2nd quarter valued at about $87,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Instructure from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, November 1st. DA Davidson reiterated a “buy” rating on shares of Instructure in a research report on Monday, September 16th. CIBC raised shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Monday, August 12th. Finally, William Blair restated a “market perform” rating on shares of Instructure in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Instructure presently has a consensus rating of “Buy” and a consensus price target of $48.63.

About Instructure

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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