Equities analysts expect Instructure, Inc. (NYSE:INST) to report earnings of ($0.28) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Instructure’s earnings. The highest EPS estimate is ($0.27) and the lowest is ($0.29). Instructure reported earnings of ($0.35) per share during the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to report its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that Instructure will report full-year earnings of ($1.20) per share for the current fiscal year, with EPS estimates ranging from ($1.21) to ($1.19). For the next year, analysts expect that the firm will post earnings of ($0.82) per share, with EPS estimates ranging from ($1.05) to ($0.60). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Instructure.

Instructure (NYSE:INST) last posted its earnings results on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.04. The firm had revenue of $42.95 million for the quarter, compared to analyst estimates of $40.57 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. Instructure’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period last year, the company earned ($0.34) earnings per share.

Several brokerages have commented on INST. ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Macquarie began coverage on Instructure in a report on Thursday, December 7th. They issued an “outperform” rating and a $41.00 price objective on the stock. Oppenheimer reissued a “buy” rating and issued a $41.00 price objective on shares of Instructure in a report on Wednesday, December 6th. Finally, BidaskClub lowered Instructure from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.00.

In related news, CFO Steven B. Kaminsky sold 12,500 shares of Instructure stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $35.00, for a total transaction of $437,500.00. Following the transaction, the chief financial officer now owns 143,345 shares in the company, valued at $5,017,075. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $34.91, for a total value of $69,820.00. Following the transaction, the executive vice president now owns 14,736 shares in the company, valued at approximately $514,433.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,867 shares of company stock worth $2,269,015. Company insiders own 62.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after buying an additional 220,778 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in shares of Instructure by 27.6% in the second quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after buying an additional 306,964 shares in the last quarter. SQN Investors LP grew its stake in shares of Instructure by 89.3% in the second quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock valued at $39,646,000 after buying an additional 633,875 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Instructure by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Instructure by 45.9% in the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

Instructure (INST) traded up $0.55 during trading on Thursday, reaching $33.30. The company had a trading volume of 138,323 shares, compared to its average volume of 137,800. The firm has a market capitalization of $991.52 and a price-to-earnings ratio of -18.92. Instructure has a 12-month low of $20.25 and a 12-month high of $36.60.

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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 face-to-face and online learning experiences.

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