Revenue Update on Instructure Inc(NYSE:INST)

Instructure Inc(NYSE:INST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $25.89M. Analysts estimated a revenue of $24.31M. Earnings per share were $-0.44. Analysts had estimated an EPS of $-0.52.

In a different note, On May 16, 2016, Needham said it Assumes its rating on Instructure Inc. The shares have been rated ‘Buy’ by the firm.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Marc T. Maloy (EVP, Worldwide Sales) sold 2,000 shares at $20.58 per share price.Also, On Jun 8, 2016, Byron B Deeter (director) sold 0 shares at $0.00 per share price.On Jun 3, 2016, Steven B. Kaminsky (Chief Financial Officer) sold 535 shares at $18.08 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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