Insider Selling: Instructure Inc (INST) Insider Sells 5,000 Shares of Stock

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Instructure Inc (NYSE:INST) insider Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $48.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now owns 32,020 shares of the company’s stock, valued at $1,536,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Matthew Kaminer also recently made the following trade(s):

  • On Friday, April 5th, Matthew Kaminer sold 15,000 shares of Instructure stock. The shares were sold at an average price of $45.79, for a total transaction of $686,850.00.

Shares of NYSE:INST traded down $1.96 on Wednesday, hitting $46.50. 303,878 shares of the company were exchanged, compared to its average volume of 379,654. Instructure Inc has a 1-year low of $29.48 and a 1-year high of $50.19. The company has a market capitalization of $1.69 billion, a P/E ratio of -37.80 and a beta of 0.57.

Instructure (NYSE:INST) last issued its earnings results on Tuesday, February 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $55.79 million. During the same quarter last year, the company posted ($0.27) earnings per share. The firm’s revenue was up 25.7% compared to the same quarter last year. As a group, research analysts forecast that Instructure Inc will post -1.99 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in shares of Instructure during the fourth quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Instructure during the third quarter worth $162,000. Legal & General Group Plc raised 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 last quarter. Finally, Menta Capital LLC purchased a new position in shares of Instructure during the fourth quarter worth $240,000. 90.89% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on INST shares. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Friday, December 21st. Barrington Research restated a “buy” rating and issued a $50.00 target price on shares of Instructure in a research note on Wednesday, January 9th. Raymond James downgraded shares of Instructure from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 14th. ValuEngine downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, First Analysis downgraded shares of Instructure from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $50.00 to $49.00 in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Instructure currently has a consensus rating of “Hold” and an average target price of $45.88.

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

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