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.
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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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 KÂ12 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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