Instructure Inc (NYSE:INST) CEO Daniel Tucker Goldsmith Acquires 2,500 Shares

Instructure Inc (NYSE:INST) CEO Daniel Tucker Goldsmith purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $41.85 per share, with a total value of $104,625.00. Following the transaction, the chief executive officer now directly owns 7,379 shares of the company’s stock, valued at approximately $308,811.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Instructure stock traded up $0.20 during trading on Thursday, hitting $42.89. 416,985 shares of the stock traded hands, compared to its average volume of 280,615. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -34.87 and a beta of 0.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.39 and a quick ratio of 1.39. Instructure Inc has a twelve month low of $29.48 and a twelve month high of $50.19.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The firm had revenue of $58.10 million for the quarter, compared to analyst estimates of $57.24 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, equities research analysts predict that Instructure Inc will post -2.26 earnings per share for the current year.

A number of equities research analysts have issued reports on INST shares. Zacks Investment Research upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Barrington Research reissued a “buy” rating and set a $50.00 price target on shares of Instructure in a report on Tuesday, April 23rd. ValuEngine raised Instructure from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Finally, Berenberg Bank initiated coverage on Instructure in a report on Wednesday, March 6th. They set a “hold” rating and a $46.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.88.

A number of institutional investors and hedge funds have recently bought and sold shares of INST. Gotham Asset Management LLC bought a new position in Instructure in the 4th quarter worth approximately $244,000. Vista Equity Partners Management LLC increased its position in Instructure by 670.7% in the 4th quarter. Vista Equity Partners Management LLC now owns 531,192 shares of the technology company’s stock worth $19,925,000 after buying an additional 462,272 shares during the period. New York State Common Retirement Fund increased its position in Instructure by 9.1% in the 4th quarter. New York State Common Retirement Fund now owns 133,166 shares of the technology company’s stock worth $4,995,000 after buying an additional 11,158 shares during the period. Millennium Management LLC increased its position in Instructure by 51.8% in the 4th quarter. Millennium Management LLC now owns 266,739 shares of the technology company’s stock worth $10,005,000 after buying an additional 91,009 shares during the period. Finally, Vanguard Group Inc. increased its position in Instructure by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,474,891 shares of the technology company’s stock worth $52,211,000 after buying an additional 37,572 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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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 K–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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