Revenue Update on Instructure Inc(NYSE:INST)

Instructure Inc(NYSE:INST) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $31.546M. Analysts estimated a revenue of $30.770M. The revenues were 2.52% above the estimates. Earnings per share were $-0.35. The reported EPS was above estimates by 16.67%. Analysts had estimated an EPS of $-0.42.

Instructure Inc (INST) made into the market gainers list on Tuesdays trading session with the shares advancing 1.78% or 0.4 points. Due to strong positive momentum, the stock ended at $22.9, which is also near the day’s high of $23.65. The stock began the session at $22.5 and the volume stood at 4,65,935 shares. The 52-week high of the shares is $26.92 and the 52 week low is $13.21. The company has a current market capitalization of $647 M and it has 2,82,45,236 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 1, 2017, Adam D. Marcus (director 10% owner) sold 60,000 shares at $21.95 per share price.Also, On Nov 15, 2016, Joshua L. Coates (CEO) purchased 5,500 shares at $18.80 per share price.On Nov 3, 2016, Matthew Kaminer (SVP, GC & Secretary) purchased 1,601 shares at $19.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Instructure Inc is a United States-based technology company. The Company provides instructors and students with tools and resources. Instructure offers Canvas which is a learning management system as well as Canvas Network online courses by educators everywhere – from Ivy League institutions to community colleges. The Company’s technology is used by 400+ colleges universities and school districts.

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