Instructure Inc (NYSE:INST) COO Mitch Macfarlane sold 5,445 shares of Instructure stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.07, for a total transaction of $201,846.15. Following the sale, the chief operating officer now directly owns 50,526 shares in the company, valued at $1,872,998.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mitch Macfarlane also recently made the following trade(s):

  • On Monday, January 22nd, Mitch Macfarlane sold 5,000 shares of Instructure stock. The shares were sold at an average price of $34.00, for a total transaction of $170,000.00.

Shares of Instructure Inc (INST) opened at $42.05 on Thursday. Instructure Inc has a 1-year low of $22.00 and a 1-year high of $43.80.

Instructure (NYSE:INST) last posted its earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.02. Instructure had a negative net margin of 31.37% and a negative return on equity of 827.22%. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $41.43 million. During the same period in the previous year, the firm posted ($0.35) EPS. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. research analysts predict that Instructure Inc will post -1.48 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in Instructure by 54.6% during the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after acquiring an additional 1,440 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Instructure during the 3rd quarter worth approximately $213,000. Macquarie Group Ltd. bought a new stake in Instructure during the 4th quarter worth approximately $258,000. Invictus RG bought a new stake in Instructure during the 4th quarter worth approximately $273,000. Finally, Voya Investment Management LLC bought a new stake in Instructure during the 2nd quarter worth approximately $275,000. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

INST has been the topic of several research reports. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Macquarie initiated coverage on shares of Instructure in a report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price target on the stock. William Blair initiated coverage on shares of Instructure in a report on Thursday, October 26th. They set a “market perform” rating on the stock. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Oppenheimer reaffirmed a “buy” rating and set a $41.00 price target on shares of Instructure in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.60.

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Instructure Company Profile

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.

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

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