ValuEngine upgraded shares of Instructure (NYSE:INST) from a sell rating to a hold rating in a report published on Friday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Instructure from a hold rating to a sell rating in a research report on Wednesday, January 31st. Macquarie began coverage on Instructure in a research report on Thursday, December 7th. They set an outperform rating and a $41.00 target price on the stock. Oppenheimer reissued a buy rating and set a $41.00 target price on shares of Instructure in a research report on Wednesday, December 6th. BidaskClub downgraded Instructure from a buy rating to a hold rating in a research report on Thursday, November 9th. Finally, Jefferies Group lifted their target price on Instructure to $43.00 and gave the stock a buy rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $38.00.

Shares of Instructure (INST) opened at $36.05 on Friday. The stock has a market capitalization of $1,073.40, a PE ratio of -20.37 and a beta of 1.70. Instructure has a 1 year low of $21.50 and a 1 year high of $36.60.

In related news, Director Ellen Levy sold 9,000 shares of Instructure stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $310,950.00. Following the sale, the director now directly owns 17,562 shares of the company’s stock, valued at $606,767.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Matthew Kaminer sold 5,000 shares of Instructure stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the sale, the senior vice president now directly owns 22,498 shares in the company, valued at $809,928. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,000 shares of company stock worth $830,250. 12.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INST. Schwab Charles Investment Management Inc. boosted its holdings in Instructure by 74.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,162 shares of the technology company’s stock valued at $1,303,000 after purchasing an additional 18,795 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Instructure by 69.1% during the second quarter. Bank of New York Mellon Corp now owns 104,020 shares of the technology company’s stock valued at $3,069,000 after purchasing an additional 42,493 shares in the last quarter. Legal & General Group Plc boosted its holdings in Instructure by 54.6% during the second quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,440 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Instructure by 7.6% during the second quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock valued at $502,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Instructure by 307.6% during the second quarter. Teachers Advisors LLC now owns 74,138 shares of the technology company’s stock valued at $2,187,000 after purchasing an additional 55,949 shares in the last quarter. 78.77% of the stock is currently owned by institutional investors.

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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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