Instructure, Inc. (NYSE:INST) Director Ellen Levy sold 9,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the sale, the director now directly owns 17,562 shares of the company’s stock, valued at $606,767.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Instructure, Inc. (INST) opened at $33.90 on Monday. Instructure, Inc. has a 52-week low of $18.80 and a 52-week high of $36.60.
Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.04. The firm had revenue of $42.95 million for the quarter, compared to analyst estimates of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.34) earnings per share. equities analysts expect that Instructure, Inc. will post -1.75 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Instructure from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. William Blair assumed coverage on shares of Instructure in a research report on Thursday, October 26th. They issued a “market perform” rating for the company. Oppenheimer reissued a “buy” rating and issued a $41.00 price target (up from $38.00) on shares of Instructure in a research report on Tuesday, October 31st. Finally, Jefferies Group increased their price target on shares of Instructure to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $37.67.
TRADEMARK VIOLATION WARNING: “Insider Selling: Instructure, Inc. (INST) Director Sells $310,950.00 in Stock” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/12/04/insider-selling-instructure-inc-inst-director-sells-310950-00-in-stock.html.
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.
What are top analysts saying about Instructure Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Instructure Inc. and related companies.