Shares of Instructure, Inc. (NYSE:INST) have been given an average rating of “Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.38.

INST has been the topic of a number of analyst reports. BidaskClub upgraded shares of Instructure from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. Jefferies Group LLC boosted their price objective on shares of Instructure from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, UBS AG restated an “outperform” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Instructure in a research report on Tuesday, August 1st.

Instructure (NYSE:INST) traded down 1.02% during mid-day trading on Wednesday, reaching $33.85. The company had a trading volume of 145,800 shares. Instructure has a 12-month low of $17.85 and a 12-month high of $35.60. The firm’s market capitalization is $994.48 million. The firm has a 50-day moving average price of $32.02 and a 200 day moving average price of $28.31.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, July 31st. The technology company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.04. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $37.09 million. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.44) earnings per share. Analysts expect that Instructure will post ($1.24) EPS for the current year.

In related news, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $31.70, for a total transaction of $63,400.00. Following the transaction, the executive vice president now owns 13,272 shares in the company, valued at $420,722.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven B. Kaminsky sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 150,459 shares in the company, valued at approximately $4,513,770. The disclosure for this sale can be found here. Insiders have sold 36,650 shares of company stock worth $1,111,538 in the last quarter. 12.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vista Equity Partners Management LLC increased its position in shares of Instructure by 36.8% during the first quarter. Vista Equity Partners Management LLC now owns 799,117 shares of the technology company’s stock valued at $18,699,000 after buying an additional 214,884 shares during the period. JPMorgan Chase & Co. increased its position in shares of Instructure by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock valued at $70,769,000 after buying an additional 84,856 shares during the period. Atlantic Trust Group LLC purchased a new position in shares of Instructure during the second quarter valued at about $1,002,000. Hamilton Lane Advisors LLC increased its position in shares of Instructure by 36.1% during the second quarter. Hamilton Lane Advisors LLC now owns 163,344 shares of the technology company’s stock valued at $4,819,000 after buying an additional 43,327 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Instructure by 21.3% during the first quarter. Vanguard Group Inc. now owns 474,732 shares of the technology company’s stock valued at $11,109,000 after buying an additional 83,381 shares during the period. Institutional investors own 78.33% 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.

Analyst Recommendations for Instructure (NYSE:INST)

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