Instructure Target of Unusually High Options Trading (INST)

Instructure Inc (NYSE:INST) saw unusually large options trading activity on Wednesday. Stock investors bought 1,647 call options on the company. This represents an increase of approximately 1,772% compared to the typical daily volume of 88 call options.

In other Instructure news, Director Steven A. Collins sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.86, for a total value of $169,300.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $169,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven B. Kaminsky sold 15,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.50, for a total transaction of $562,500.00. Following the completion of the transaction, the chief financial officer now owns 159,297 shares in the company, valued at approximately $5,973,637.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,445 shares of company stock worth $1,594,596. 62.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in INST. Janus Henderson Group PLC bought a new stake in shares of Instructure during the 2nd quarter valued at about $34,748,000. TimesSquare Capital Management LLC bought a new stake in shares of Instructure during the 4th quarter valued at about $25,436,000. Allianz Asset Management GmbH boosted its stake in shares of Instructure by 269.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 430,868 shares of the technology company’s stock valued at $14,283,000 after purchasing an additional 314,120 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Instructure by 96.7% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock valued at $19,559,000 after purchasing an additional 290,000 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Instructure by 45.9% during the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after purchasing an additional 275,150 shares in the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Instructure (NYSE:INST) opened at $42.05 on Thursday. Instructure has a 52 week low of $22.00 and a 52 week high of $43.80.

Instructure (NYSE:INST) last announced its earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.02. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $41.43 million. Instructure had a negative net margin of 31.37% and a negative return on equity of 827.22%. The company’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) EPS. equities analysts expect that Instructure will post -1.48 earnings per share for the current year.

A number of equities analysts have issued reports on INST shares. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Thursday, November 9th. Oppenheimer restated a “buy” rating and issued a $41.00 price objective (up previously from $38.00) on shares of Instructure in a research report on Tuesday, October 31st. Jefferies Group boosted their price objective on shares of Instructure to $43.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Morgan Stanley set a $42.00 price objective on shares of Instructure and gave the company a “buy” rating in a research report on Tuesday. Finally, SunTrust Banks boosted their price objective on shares of Instructure to $47.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Instructure presently has an average rating of “Buy” and an average target price of $40.60.

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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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