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

Instructure Inc (NYSE:INST) insider Matthew Kaminer sold 5,000 shares of the company’s 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 sale, the insider now owns 46,901 shares of the company’s stock, valued at $2,227,797.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, November 5th, Matthew Kaminer sold 2,000 shares of Instructure stock. The stock was sold at an average price of $46.49, for a total value of $92,980.00.
  • On Thursday, October 31st, Matthew Kaminer sold 5,000 shares of Instructure stock. The stock was sold at an average price of $46.50, for a total value of $232,500.00.

Shares of NYSE INST opened at $47.63 on Friday. Instructure Inc has a 12-month low of $33.47 and a 12-month high of $50.19. The company has a market cap of $1.75 billion, a P/E ratio of -38.72 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 stock has a fifty day moving average price of $41.83 and a 200 day moving average price of $41.78.

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

A number of analysts have recently commented on INST shares. Needham & Company LLC downgraded Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. CIBC upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price objective for the company in a report on Monday, August 12th. William Blair restated a “market perform” rating on shares of Instructure in a report on Monday, August 12th. DA Davidson restated a “buy” rating on shares of Instructure in a report on Monday, September 16th. Finally, Raymond James downgraded Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective for the company. in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Instructure currently has a consensus rating of “Buy” and a consensus target price of $47.97.

A number of hedge funds and other institutional investors have recently made changes to their positions in INST. Ashburton Jersey Ltd acquired a new stake in Instructure in the 2nd quarter valued at $27,000. Aperio Group LLC acquired a new stake in shares of Instructure during the second quarter valued at about $58,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of Instructure during the second quarter valued at about $63,000. Russell Investments Group Ltd. grew its stake in shares of Instructure by 100.0% during the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Instructure during the second quarter valued at about $87,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Instructure Company Profile

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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