Instructure, Inc. (NYSE:INST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Instructure, Inc. provides cloud-based online education technology. It develops Canvas, a learning management application 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. The company’s platform also provides data analytics that enable real-time reaction to information and benchmarking in order to personalize curricula and increase the efficacy of the learning process. Instructure, Inc. is based in Salt Lake City, Utah. “

Several other research firms have also issued reports on INST. BidaskClub upgraded Instructure from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. William Blair assumed coverage on Instructure in a research note on Thursday, October 26th. They issued a “market perform” rating on the stock. Jefferies Group LLC lifted their target price on Instructure to $43.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $41.00 target price (up previously from $38.00) on shares of Instructure in a research note on Tuesday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $39.00 target price on shares of Instructure in a research note on Sunday, October 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.44.

Shares of Instructure (NYSE:INST) traded up $0.20 during trading on Friday, hitting $33.50. The stock had a trading volume of 211,309 shares, compared to its average volume of 256,623. Instructure has a 1 year low of $18.30 and a 1 year high of $36.00.

Instructure (NYSE:INST) last posted its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 34.82%. The company had revenue of $42.95 million for the quarter, compared to analyst estimates of $40.57 million. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. analysts forecast that Instructure will post -1.75 EPS for the current year.

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In other news, COO Mitch Macfarlane sold 19,815 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $34.32, for a total transaction of $680,050.80. Following the sale, the chief operating officer now owns 11,964 shares in the company, valued at $410,604.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $29.66, for a total value of $59,320.00. Following the sale, the executive vice president now owns 13,272 shares in the company, valued at approximately $393,647.52. The disclosure for this sale can be found here. Insiders have sold 65,517 shares of company stock worth $2,208,263 in the last 90 days. Insiders own 62.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Instructure by 9.2% during the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock worth $85,403,000 after acquiring an additional 220,778 shares during the last quarter. Whale Rock Capital Management LLC lifted its holdings in shares of Instructure by 27.6% during the second quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock worth $41,834,000 after purchasing an additional 306,964 shares during the period. SQN Investors LP lifted its holdings in shares of Instructure by 89.3% during the second quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock worth $39,646,000 after purchasing an additional 633,875 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Instructure during the second quarter worth about $34,748,000. Finally, FMR LLC lifted its holdings in shares of Instructure by 45.9% during the second quarter. FMR LLC now owns 875,150 shares of the technology company’s stock worth $25,817,000 after purchasing an additional 275,150 shares during the period. Institutional investors and hedge funds own 77.92% of the company’s stock.

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.

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Analyst Recommendations for Instructure (NYSE:INST)

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