Somewhat Positive Press Coverage Somewhat Unlikely to Affect Instructure (INST) Share Price

Press coverage about Instructure (NYSE:INST) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Instructure earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.8754342783688 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Instructure (NYSE INST) opened at $34.25 on Tuesday. Instructure has a 12-month low of $20.50 and a 12-month high of $36.60. The firm has a market cap of $1,019.80, a PE ratio of -19.35 and a beta of 1.78.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The business had revenue of $42.95 million during the quarter, compared to analysts’ expectations of $40.57 million. During the same period last year, the business earned ($0.34) earnings per share. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. research analysts expect that Instructure will post -1.75 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Instructure from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Macquarie started coverage on shares of Instructure in a research report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price objective for the company. Oppenheimer reiterated a “buy” rating and set a $41.00 price target on shares of Instructure in a research report on Wednesday, December 6th. Finally, BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.00.

In related news, COO Mitch Macfarlane sold 19,815 shares of Instructure stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $34.32, for a total value of $680,050.80. Following the completion of the transaction, the chief operating officer now owns 11,964 shares in the company, valued at $410,604.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $34.55, for a total transaction of $310,950.00. Following the completion of the transaction, the director now owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,867 shares of company stock valued at $1,997,495. Company insiders own 12.80% 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.

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

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