Instructure (INST) Issues Earnings Results

Instructure (NYSE:INST) issued its earnings results on Monday. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.02, Bloomberg Earnings reports. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $41.43 million. During the same quarter last year, the business posted ($0.35) earnings per share. The company’s quarterly revenue was up 39.0% on a year-over-year basis. Instructure updated its Q1 guidance to ($0.24)-($0.22) EPS and its FY18 guidance to ($1.03)-($0.97) EPS.

Instructure (INST) traded up $4.78 during mid-day trading on Tuesday, hitting $42.13. 506,735 shares of the stock traded hands, compared to its average volume of 184,757. The company has a market capitalization of $1,110.00 and a P/E ratio of -21.22. Instructure has a 12-month low of $22.00 and a 12-month high of $43.80.

A number of brokerages have weighed in on INST. Morgan Stanley set a $42.00 target price on shares of Instructure and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their target price on shares of Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday. SunTrust Banks raised their target price on shares of Instructure to $47.00 and gave the company a “buy” rating in a research report on Tuesday. BidaskClub lowered shares of Instructure from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Finally, Oppenheimer restated a “buy” rating and issued a $41.00 target price (up previously from $38.00) on shares of Instructure in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Instructure presently has an average rating of “Buy” and an average target price of $40.40.

In other news, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the transaction, the director now owns 17,562 shares of the company’s stock, valued at $606,767.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the transaction, the senior vice president now directly owns 22,498 shares of the company’s stock, valued at approximately $809,928. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $830,250 in the last ninety days. Insiders own 12.80% of the company’s stock.

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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.

Earnings History for Instructure (NYSE:INST)

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