Instructure, Inc. (NYSE:INST) Issues FY17 Earnings Guidance

Instructure, Inc. (NYSE:INST) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of ($1.26)-(1.23) for the period, compared to the Thomson Reuters consensus estimate of ($1.27). The company issued revenue guidance of $152.9-154.1 million, compared to the consensus revenue estimate of $151.70 million.Instructure also updated its Q3 guidance to ($0.32)-(0.30) EPS.

Several analysts have weighed in on the stock. 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 note on Tuesday, August 1st. Zacks Investment Research cut shares of Instructure from a buy rating to a hold rating in a research note on Friday, May 5th. SunTrust Banks, Inc. assumed coverage on shares of Instructure in a research note on Monday, June 26th. They set a buy rating and a $33.00 price objective on the stock. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $33.00 price objective (up from $30.00) on shares of Instructure in a research note on Friday, June 23rd. Finally, Needham & Company LLC reaffirmed a buy rating and set a $39.00 price objective (up from $33.00) on shares of Instructure in a research note on Thursday, July 27th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $35.63.

Instructure, Inc. (NYSE:INST) traded up 0.34% during mid-day trading on Friday, hitting $29.70. 353,861 shares of the stock traded hands. The company has a 50 day moving average price of $30.20 and a 200-day moving average price of $25.69. The stock’s market capitalization is $872.56 million. Instructure, Inc. has a one year low of $17.85 and a one year high of $34.10.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $38 million for the quarter, compared to analyst estimates of $37.09 million. During the same period in the prior year, the firm posted ($0.44) EPS. The company’s quarterly revenue was up 46.7% on a year-over-year basis. Equities analysts anticipate that Instructure, Inc. will post ($1.24) earnings per share for the current fiscal year.

In other Instructure news, Director Steven A. Collins sold 3,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $30.64, for a total transaction of $91,920.00. Following the transaction, the director now owns 6,552 shares in the company, valued at $200,753.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven B. Kaminsky sold 10,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 150,459 shares in the company, valued at approximately $4,513,770. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $750,260. Insiders own 62.50% of the company’s stock.

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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.

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