Instructure (NYSE:INST) was downgraded by Needham & Company LLC from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
Several other equities analysts also recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Instructure in a research report on Tuesday, February 13th. Oppenheimer raised their price target on Instructure from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. SunTrust Banks raised their price target on Instructure to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Morgan Stanley set a $42.00 price objective on Instructure and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.89.
INST stock opened at $45.25 on Wednesday. The firm has a market capitalization of $1,491.20, a price-to-earnings ratio of -26.62 and a beta of 0.93. Instructure has a 1 year low of $22.00 and a 1 year high of $46.50.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.02. The company had revenue of $43.80 million during the quarter, compared to the consensus estimate of $41.43 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. Instructure’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) earnings per share. analysts anticipate that Instructure will post -1.77 earnings per share for the current fiscal year.
In related news, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the transaction, the senior vice president now owns 22,498 shares in the company, valued at $809,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Conroy sold 5,500 shares of Instructure stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $45.88, for a total value of $252,340.00. Following the completion of the transaction, the director now owns 33,197 shares in the company, valued at approximately $1,523,078.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,945 shares of company stock valued at $1,624,866. Company insiders own 12.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of INST. TimesSquare Capital Management LLC acquired a new position in Instructure in the fourth quarter valued at $25,436,000. Allianz Asset Management GmbH boosted its holdings in Instructure by 269.1% in the third quarter. Allianz Asset Management GmbH now owns 430,868 shares of the technology company’s stock valued at $14,283,000 after acquiring an additional 314,120 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in Instructure by 96.7% in the third quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock valued at $19,559,000 after acquiring an additional 290,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after acquiring an additional 220,778 shares during the last quarter. Finally, State Street Corp boosted its holdings in Instructure by 92.4% in the second quarter. State Street Corp now owns 315,814 shares of the technology company’s stock valued at $9,320,000 after acquiring an additional 151,661 shares during the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.
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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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