Instructure, Inc. (INST) Releases Q4 Earnings Guidance

Instructure, Inc. (NYSE:INST) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of ($0.29-0.27) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.29). The company issued revenue guidance of $41.0-41.6 million, compared to the consensus revenue estimate of $41.11 million.

Shares of Instructure, Inc. (NYSE INST) opened at $33.80 on Wednesday. Instructure, Inc. has a 1-year low of $18.45 and a 1-year high of $36.00.

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

A number of brokerages have recently commented on INST. BidaskClub lowered Instructure from a buy rating to a hold rating in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $38.00 price target (up from $33.00) on shares of Instructure in a report on Wednesday, August 2nd. Zacks Investment Research lowered Instructure from a buy rating to a hold rating in a report on Friday, November 10th. Jefferies Group LLC boosted their price objective on Instructure from $30.00 to $37.00 and gave the company a buy rating in a research report on Tuesday, August 1st. Finally, Needham & Company LLC restated a buy rating and set a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $37.44.

In other Instructure news, SVP Matthew Kaminer sold 3,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $34.61, for a total value of $103,830.00. Following the transaction, the senior vice president now owns 16,146 shares of the company’s stock, valued at $558,813.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $29.66, for a total value of $59,320.00. Following the completion of the transaction, the executive vice president now directly owns 13,272 shares in the company, valued at approximately $393,647.52. The disclosure for this sale can be found here. Insiders sold 65,517 shares of company stock worth $2,208,263 over the last quarter. 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.

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