News stories about Instructure (NYSE:INST) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Instructure earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.9272378692772 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Instructure (INST) traded up 0.64% during trading on Friday, hitting $31.35. 147,935 shares of the stock were exchanged. The company’s market cap is $921.03 million. The stock’s 50 day moving average is $30.41 and its 200-day moving average is $26.01. Instructure has a one year low of $17.85 and a one year high of $34.10.
Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The business had revenue of $38 million for the quarter, compared to analysts’ expectations of $37.09 million. During the same period in the previous year, the business earned ($0.44) earnings per share. The company’s revenue was up 46.7% on a year-over-year basis. On average, equities research analysts expect that Instructure will post ($1.24) earnings per share for the current fiscal year.
A number of brokerages have commented on INST. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $38.00 price objective (up previously from $33.00) on shares of Instructure in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Instructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, August 8th. Jefferies Group LLC upped their price objective on shares of Instructure from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, UBS AG restated an “outperform” rating and set a $38.00 price objective (up previously from $33.00) on shares of Instructure in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.63.
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In other Instructure news, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $29.11, for a total value of $58,220.00. Following the sale, the executive vice president now directly owns 13,272 shares in the company, valued at $386,347.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William M. Conroy sold 8,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.59, for a total transaction of $236,720.00. Following the completion of the sale, the director now owns 32,031 shares in the company, valued at $947,797.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock worth $750,260. 62.50% of the stock is owned by company insiders.
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.
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