Instructure Inc (NYSE:INST) has been given an average rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.40.
INST has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Instructure from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Raymond James Financial, Inc. upgraded shares of Instructure from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $28.00 to $29.00 in a report on Thursday, March 16th. Needham & Company LLC increased their target price on shares of Instructure from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a report on Tuesday, May 2nd. Jefferies Group LLC increased their target price on shares of Instructure from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $30.00 target price (up from $27.00) on shares of Instructure in a report on Thursday, May 4th.
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Instructure (NYSE INST) traded down 2.11% during mid-day trading on Tuesday, hitting $25.50. 338,270 shares of the stock traded hands. The stock’s market cap is $737.38 million. Instructure has a 12 month low of $17.16 and a 12 month high of $27.00. The stock has a 50-day moving average price of $25.55 and a 200-day moving average price of $22.83.
Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, May 1st. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.04. The firm had revenue of $34 million during the quarter, compared to analysts’ expectations of $32.96 million. Instructure had a negative net margin of 37.47% and a negative return on equity of 882.24%. The firm’s quarterly revenue was up 45.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.42) EPS. On average, equities analysts forecast that Instructure will post ($1.27) earnings per share for the current year.
In other Instructure news, EVP Marc T. Maloy sold 3,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $25.21, for a total transaction of $75,630.00. Following the sale, the executive vice president now directly owns 12,614 shares in the company, valued at approximately $317,998.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Steven B. Kaminsky sold 17,781 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $24.59, for a total transaction of $437,234.79. Following the sale, the chief financial officer now owns 151,064 shares in the company, valued at $3,714,663.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,681 shares of company stock worth $1,455,132. 62.50% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Nine Ten Capital Management LLC raised its stake in Instructure by 60.2% in the first quarter. Nine Ten Capital Management LLC now owns 2,631,124 shares of the technology company’s stock worth $61,568,000 after buying an additional 988,396 shares during the period. JPMorgan Chase & Co. raised its stake in Instructure by 12.0% in the first quarter. JPMorgan Chase & Co. now owns 2,314,092 shares of the technology company’s stock worth $54,150,000 after buying an additional 248,282 shares during the period. Janus Capital Management LLC raised its stake in Instructure by 6.7% in the first quarter. Janus Capital Management LLC now owns 1,142,769 shares of the technology company’s stock worth $26,741,000 after buying an additional 71,401 shares during the period. Putnam Investments LLC raised its stake in Instructure by 70.8% in the fourth quarter. Putnam Investments LLC now owns 1,118,861 shares of the technology company’s stock worth $21,874,000 after buying an additional 463,692 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new stake in Instructure during the first quarter worth about $26,000,000. Institutional investors own 50.60% of the company’s stock.
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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