Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Instructure (INST) Share Price

News coverage about Instructure (NYSE:INST) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Instructure earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.4720924088318 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

A number of analysts have weighed in on INST shares. Needham & Company LLC restated a “buy” rating and set a $39.00 price objective on shares of Instructure in a research note on Sunday, October 1st. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub lowered shares of Instructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC raised their price objective on shares of Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $38.00 price target on shares of Instructure in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Instructure presently has a consensus rating of “Buy” and an average price target of $37.00.

Instructure (NYSE INST) traded up $0.15 on Friday, hitting $34.65. 207,729 shares of the company were exchanged, compared to its average volume of 315,586.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The business had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. The business’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.34) EPS. analysts anticipate that Instructure will post -1.75 earnings per share for the current fiscal year.

In related news, SVP Matthew Kaminer sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $31.36, for a total value of $62,720.00. Following the transaction, the senior vice president now owns 18,008 shares of the company’s stock, valued at $564,730.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William M. Conroy sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $33.94, for a total transaction of $271,520.00. The disclosure for this sale can be found here. In the last three months, insiders sold 45,702 shares of company stock worth $1,516,302. 62.50% of the stock is currently owned by insiders.

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About Instructure

Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.

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