Instructure Inc (NYSE:INST)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They presently have a $30.00 target price on the technology company’s stock. Jefferies Group LLC’s price target indicates a potential upside of 11.32% from the company’s current price.
Several other research analysts also recently issued reports on INST. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $28.00 price target on shares of Instructure in a research note on Tuesday, February 7th. Zacks Investment Research downgraded Instructure from a “hold” rating to a “sell” rating in a research note on Monday, February 13th. Raymond James Financial, Inc. raised shares of Instructure from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $28.00 to $29.00 in a research note on Thursday, March 16th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Instructure in a research note on Thursday, May 4th. Finally, ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.67.
Shares of Instructure (NYSE INST) opened at 26.95 on Friday. The stock’s market cap is $779.31 million. Instructure has a 12-month low of $17.16 and a 12-month high of $27.00. The stock’s 50 day moving average is $25.13 and its 200-day moving average is $22.57.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, May 1st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. The business had revenue of $34 million during the quarter, compared to the consensus estimate of $32.96 million. Instructure had a negative return on equity of 208.06% and a negative net margin of 48.31%. The business’s revenue was up 45.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.42) EPS. Equities analysts anticipate that Instructure will post ($1.27) EPS for the current fiscal year.
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In other Instructure news, Director William M. Conroy sold 8,000 shares of Instructure stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $25.01, for a total value of $200,080.00. Following the completion of the sale, the director now owns 21,094 shares in the company, valued at approximately $527,560.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven B. Kaminsky sold 17,781 shares of Instructure stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $24.59, for a total value of $437,234.79. Following the completion of the sale, the chief financial officer now owns 151,064 shares of the company’s stock, valued at approximately $3,714,663.76. The disclosure for this sale can be found here. Insiders sold a total of 58,681 shares of company stock valued at $1,455,132 in the last three months. 62.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Instructure by 11.7% in the first quarter. Wells Fargo & Company MN now owns 351,303 shares of the technology company’s stock valued at $8,220,000 after buying an additional 36,757 shares during the period. Russell Investments Group Ltd. acquired a new stake in Instructure during the first quarter valued at approximately $448,000. Hamilton Lane Advisors LLC acquired a new stake in Instructure during the first quarter valued at approximately $2,808,000. Putnam Investments LLC boosted 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 valued at $21,874,000 after buying an additional 463,692 shares during the period. Finally, Nine Ten Capital Management LLC acquired a new stake in Instructure during the fourth quarter valued at approximately $32,115,000. Institutional investors own 50.60% 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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