Instructure Inc. (NYSE:INST) major shareholder Affiliates Fund Lp Openview II sold 98,150 shares of Instructure stock in a transaction on Friday, September 16th. The shares were sold at an average price of $24.09, for a total value of $2,364,433.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Affiliates Fund Lp Openview II also recently made the following trade(s):

  • On Monday, August 15th, Affiliates Fund Lp Openview II sold 123,604 shares of Instructure stock. The shares were sold at an average price of $24.28, for a total value of $3,001,105.12.

Shares of Instructure Inc. (NYSE:INST) opened at 24.39 on Wednesday. Instructure Inc. has a 12 month low of $13.21 and a 12 month high of $26.00. The company has a 50-day moving average price of $23.95 and a 200-day moving average price of $20.07. The firm’s market capitalization is $682.55 million.

Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, August 1st. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.08. The firm earned $25.89 million during the quarter, compared to analyst estimates of $24.31 million. The firm’s revenue for the quarter was up 62.9% on a year-over-year basis. Equities analysts forecast that Instructure Inc. will post ($1.73) EPS for the current fiscal year.

A number of research analysts recently issued reports on INST shares. Jefferies Group lifted their price target on Instructure from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Needham & Company LLC lifted their price target on Instructure from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Zacks Investment Research raised Instructure from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Instructure in a report on Thursday, May 26th. Finally, Barrington Research lifted their price target on Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Instructure has a consensus rating of “Buy” and an average price target of $26.67.

Several hedge funds have recently added to or reduced their stakes in INST. JPMorgan Chase & Co. raised its stake in Instructure by 71.4% in the first quarter. JPMorgan Chase & Co. now owns 1,448,669 shares of the company’s stock valued at $25,989,000 after buying an additional 603,502 shares during the period. Lord Abbett & CO. LLC raised its stake in Instructure by 181.5% in the second quarter. Lord Abbett & CO. LLC now owns 806,284 shares of the company’s stock valued at $15,319,000 after buying an additional 519,845 shares during the period. BlackRock Fund Advisors raised its stake in Instructure by 109.4% in the second quarter. BlackRock Fund Advisors now owns 270,465 shares of the company’s stock valued at $5,139,000 after buying an additional 141,302 shares during the period. Granahan Investment Management Inc. MA raised its stake in Instructure by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 356,889 shares of the company’s stock valued at $6,403,000 after buying an additional 79,372 shares during the period. Finally, State Street Corp raised its stake in Instructure by 114.2% in the second quarter. State Street Corp now owns 117,823 shares of the company’s stock valued at $2,240,000 after buying an additional 62,812 shares during the period. 33.79% of the stock is currently owned by institutional investors.

About Instructure

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 engaging face-to-face and online learning experiences.

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