Instructure Inc (INST) CFO Steven B. Kaminsky Sells 15,000 Shares
Instructure Inc (NYSE:INST) CFO Steven B. Kaminsky sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $37.50, for a total transaction of $562,500.00. Following the sale, the chief financial officer now directly owns 159,297 shares in the company, valued at $5,973,637.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Instructure Inc (NYSE:INST) traded up $4.15 on Tuesday, hitting $41.50. 1,686,507 shares of the stock traded hands, compared to its average volume of 236,694. Instructure Inc has a twelve month low of $22.00 and a twelve month high of $43.80. The company has a market capitalization of $1,110.00 and a PE ratio of -23.84.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The business had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. During the same period in the prior year, the firm earned ($0.35) earnings per share. Instructure’s revenue was up 39.0% compared to the same quarter last year. research analysts anticipate that Instructure Inc will post -1.75 EPS for the current fiscal year.
Several analysts have weighed in on the stock. SunTrust Banks upped their price objective on shares of Instructure to $47.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley set a $42.00 price objective on shares of Instructure and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC upped their price objective on shares of Instructure from $39.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.40.
COPYRIGHT VIOLATION WARNING: “Instructure Inc (INST) CFO Steven B. Kaminsky Sells 15,000 Shares” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/13/instructure-inc-inst-cfo-steven-b-kaminsky-sells-15000-shares.html.
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.