Instructure (NYSE:INST) Sees Large Volume Increase

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Instructure Inc (NYSE:INST) shares saw an uptick in trading volume on Thursday . 21,343 shares traded hands during mid-day trading, a decline of 96% from the previous session’s volume of 560,136 shares.The stock last traded at $53.01 and had previously closed at $50.44.

A number of brokerages have issued reports on INST. Oppenheimer raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Monday, August 12th. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Friday, November 1st. ValuEngine raised Instructure from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. CIBC raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Monday, August 12th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Instructure in a research note on Monday, September 16th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.63.

The firm has a market capitalization of $1.78 billion, a PE ratio of -42.87 and a beta of 0.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $42.92 and a two-hundred day moving average price of $41.85.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $68.08 million. Instructure had a negative return on equity of 44.38% and a negative net margin of 26.64%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) EPS. On average, equities analysts forecast that Instructure Inc will post -2.1 earnings per share for the current fiscal year.

In other news, Director Joshua L. Coates sold 38,189 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $46.04, for a total transaction of $1,758,221.56. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at approximately $253,220. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew Kaminer sold 5,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $47.50, for a total value of $237,500.00. Following the transaction, the insider now owns 46,901 shares of the company’s stock, valued at $2,227,797.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,499 shares of company stock valued at $4,878,961. Company insiders own 9.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INST. First Trust Advisors LP purchased a new position in shares of Instructure during the 1st quarter worth $3,596,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Instructure by 60.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,375 shares of the technology company’s stock valued at $724,000 after acquiring an additional 5,775 shares during the period. Ashburton Jersey Ltd purchased a new position in Instructure during the 2nd quarter valued at about $27,000. SG Americas Securities LLC boosted its holdings in Instructure by 112.3% during the 2nd quarter. SG Americas Securities LLC now owns 48,545 shares of the technology company’s stock valued at $2,063,000 after acquiring an additional 25,674 shares during the period. Finally, Aperio Group LLC purchased a new position in Instructure during the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 87.91% of the company’s stock.

Instructure Company Profile (NYSE:INST)

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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