Instructure (INST) Given Coverage Optimism Rating of 0.14

Media stories about Instructure (NYSE:INST) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Instructure earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.4181840744704 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Several research firms have recently issued reports on INST. BidaskClub raised Instructure from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Zacks Investment Research cut Instructure from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. William Blair began coverage on Instructure in a research note 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 previously from $38.00) on shares of Instructure in a research note on Tuesday, October 31st. Finally, Jefferies Group increased their price target on Instructure to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.00.

Instructure (NYSE:INST) opened at $33.95 on Friday. Instructure has a 52 week low of $20.25 and a 52 week high of $36.60. The firm has a market capitalization of $991.52, a PE ratio of -19.18 and a beta of 1.78.

Instructure (NYSE:INST) last announced its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The business had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. During the same quarter last year, the business posted ($0.34) earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. sell-side analysts predict that Instructure will post -1.75 earnings per share for the current fiscal year.

In related news, CFO Steven B. Kaminsky sold 12,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $35.00, for a total value of $437,500.00. Following the completion of the transaction, the chief financial officer now owns 143,345 shares in the company, valued at approximately $5,017,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Collins sold 5,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.86, for a total value of $169,300.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $169,300. The disclosure for this sale can be found here. Insiders have sold 65,867 shares of company stock valued at $2,269,015 in the last ninety days. Company insiders own 62.50% of the company’s stock.

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Instructure Company Profile

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.

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

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