Instructure Inc (INST) Expected to Post Quarterly Sales of $53.89 Million

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Wall Street analysts expect that Instructure Inc (NYSE:INST) will announce sales of $53.89 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Instructure’s earnings, with the lowest sales estimate coming in at $53.65 million and the highest estimate coming in at $54.03 million. Instructure reported sales of $42.95 million in the same quarter last year, which would suggest a positive year over year growth rate of 25.5%. The company is expected to issue its next quarterly earnings results on Monday, October 29th.

On average, analysts expect that Instructure will report full year sales of $207.52 million for the current fiscal year, with estimates ranging from $207.30 million to $208.21 million. For the next year, analysts anticipate that the company will post sales of $261.13 million per share, with estimates ranging from $258.31 million to $264.58 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Instructure.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, July 30th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.19. The business had revenue of $50.10 million during the quarter, compared to analysts’ expectations of $49.46 million. Instructure had a negative net margin of 26.24% and a negative return on equity of 78.26%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted ($0.32) earnings per share.

INST has been the subject of several recent analyst reports. MED cut shares of Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. DA Davidson started coverage on shares of Instructure in a report on Wednesday, August 29th. They set a “buy” rating and a $47.00 target price for the company. Macquarie cut shares of Instructure from an “outperform” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Thursday, July 19th. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Citigroup started coverage on shares of Instructure in a report on Monday, July 16th. They set a “buy” rating and a $55.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.90.

Instructure stock opened at $38.80 on Friday. The company has a market capitalization of $1.43 billion, a PE ratio of -22.73 and a beta of 0.84. Instructure has a 12-month low of $31.60 and a 12-month high of $49.17.

In related news, SVP Matthew Kaminer sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $42.14, for a total value of $294,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven B. Kaminsky sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $45.16, for a total transaction of $903,200.00. Following the completion of the sale, the chief financial officer now owns 165,418 shares of the company’s stock, valued at approximately $7,470,276.88. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Several large investors have recently modified their holdings of INST. SG Americas Securities LLC purchased a new stake in shares of Instructure in the 1st quarter valued at approximately $101,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Instructure in the 2nd quarter valued at approximately $103,000. Great West Life Assurance Co. Can lifted its position in shares of Instructure by 121.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,701 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Instructure by 183.8% in the 1st quarter. Quantbot Technologies LP now owns 4,459 shares of the technology company’s stock valued at $187,000 after acquiring an additional 2,888 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of Instructure in the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 85.44% of the company’s stock.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.

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