ValuEngine upgraded shares of Instructure (NYSE:INST) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Instructure from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Friday, December 1st. BidaskClub cut shares of Instructure from a buy rating to a hold rating in a report on Saturday, October 28th. Needham & Company LLC restated a buy rating and set a $39.00 price target on shares of Instructure in a report on Sunday, October 1st. Macquarie began coverage on shares of Instructure in a report on Thursday, December 7th. They set an outperform rating and a $41.00 price target for the company. Finally, Oppenheimer restated a buy rating and set a $41.00 price target on shares of Instructure in a report on Wednesday, December 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $38.00.

Instructure (NYSE:INST) opened at $33.10 on Friday. The company has a market cap of $985.56, a price-to-earnings ratio of -18.70 and a beta of 1.78. Instructure has a 1 year low of $19.25 and a 1 year high of $36.60.

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

In related news, Director Steven A. Collins sold 5,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.86, for a total value of $169,300.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $169,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marc T. Maloy sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $34.91, for a total transaction of $69,820.00. Following the completion of the sale, the executive vice president now owns 14,736 shares of the company’s stock, valued at approximately $514,433.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,867 shares of company stock valued at $2,269,015. 12.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INST. Janus Henderson Group PLC bought a new stake in shares of Instructure in the second quarter valued at about $34,748,000. SQN Investors LP lifted its stake in 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. Renaissance Technologies LLC lifted its stake in Instructure by 519.2% during the second quarter. Renaissance Technologies LLC now owns 664,590 shares of the technology company’s stock worth $19,605,000 after purchasing an additional 557,255 shares during the period. Allianz Asset Management GmbH lifted its stake in Instructure by 269.1% during the third quarter. Allianz Asset Management GmbH now owns 430,868 shares of the technology company’s stock worth $14,283,000 after purchasing an additional 314,120 shares during the period. Finally, Whale Rock Capital Management LLC lifted its stake in 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. Institutional investors and hedge funds own 78.99% of the company’s stock.

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About Instructure

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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