Zacks Investment Research lowered shares of Instructure, Inc. (NYSE:INST) from a buy rating to a hold rating in a report issued 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. “

A number of other equities research analysts have also recently issued reports on INST. First Analysis lifted their price target on shares of Instructure from $34.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, July 27th. Needham & Company LLC reaffirmed a buy rating and set a $39.00 target price (up previously from $33.00) on shares of Instructure in a research note on Thursday, July 27th. UBS AG reaffirmed an outperform rating and set a $38.00 target price (up previously from $33.00) on shares of Instructure in a research note on Tuesday, August 1st. Jefferies Group LLC lifted their target price on shares of Instructure from $30.00 to $37.00 and gave the stock a buy rating in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $38.00 target price (up previously from $33.00) on shares of Instructure in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $37.44.

Shares of Instructure (NYSE:INST) opened at $33.70 on Friday. Instructure has a one year low of $18.45 and a one year high of $36.00.

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

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In related news, Director Steven A. Collins sold 6,552 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $34.50, for a total value of $226,044.00. Following the sale, the director now directly owns 2,522 shares in the company, valued at approximately $87,009. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Kaminer sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $31.36, for a total transaction of $62,720.00. Following the completion of the sale, the senior vice president now owns 18,008 shares in the company, valued at $564,730.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,517 shares of company stock worth $2,208,263. Corporate insiders own 12.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Instructure by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after buying an additional 220,778 shares during the period. Whale Rock Capital Management LLC raised its holdings in Instructure by 27.6% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,418,086 shares of the technology company’s stock valued at $41,834,000 after buying an additional 306,964 shares during the period. SQN Investors LP raised its holdings in Instructure by 89.3% in the 2nd quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock valued at $39,646,000 after buying an additional 633,875 shares during the period. Janus Henderson Group PLC purchased a new stake in Instructure in the 2nd quarter valued at about $34,748,000. Finally, FMR LLC raised its holdings in Instructure by 45.9% in the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after buying an additional 275,150 shares during the period. Hedge funds and other institutional investors own 77.93% 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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