Steven B. Kaminsky Sells 2,887 Shares of Instructure Inc (INST) Stock

Instructure Inc (NYSE:INST) CFO Steven B. Kaminsky sold 2,887 shares of Instructure stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $47.55, for a total transaction of $137,276.85. Following the completion of the transaction, the chief financial officer now directly owns 156,467 shares in the company, valued at $7,440,005.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Instructure stock opened at $48.46 on Wednesday. Instructure Inc has a fifty-two week low of $29.48 and a fifty-two week high of $50.19.

Instructure (NYSE:INST) last issued its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.14. Instructure had a negative net margin of 20.74% and a negative return on equity of 33.63%. The firm had revenue of $56.25 million for the quarter, compared to analyst estimates of $55.79 million. During the same quarter last year, the business posted ($0.27) earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, sell-side analysts expect that Instructure Inc will post -1.99 EPS for the current year.

INST has been the topic of a number of recent analyst reports. ValuEngine raised shares of Instructure from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Barrington Research reissued a “buy” rating and issued a $50.00 price objective on shares of Instructure in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Friday, December 21st. TheStreet raised shares of Instructure from a “d” rating to a “c” rating in a research note on Wednesday, February 20th. Finally, Morgan Stanley cut shares of Instructure from an “overweight” rating to an “equal weight” rating and set a $39.50 price objective on the stock. in a research note on Wednesday, February 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Instructure has a consensus rating of “Hold” and an average target price of $45.88.

A number of institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new position in shares of Instructure during the fourth quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Instructure by 26.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after purchasing an additional 481 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Instructure during the third quarter worth $162,000. Legal & General Group Plc lifted its holdings in shares of Instructure by 23.7% during the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,153 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Instructure during the third quarter worth $231,000. Hedge funds and other institutional investors own 90.89% of the company’s stock.

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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 K–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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