CIBC upgraded shares of Instructure (NYSE:INST) from a market perform rating to an outperform rating in a research note issued to investors on Monday, FirstToMarketsRatingsTable reports. The brokerage currently has $56.00 price target on the technology company’s stock.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Instructure from a buy rating to a hold rating in a research note on Friday, August 9th. Needham & Company LLC reiterated a buy rating and issued a $46.00 price target on shares of Instructure in a research note on Tuesday, July 30th. Oppenheimer upgraded shares of Instructure from a market perform rating to an outperform rating and set a $56.00 price target on the stock in a research note on Monday. TheStreet cut shares of Instructure from a c rating to a d- rating in a research note on Tuesday, April 30th. Finally, Raymond James cut shares of Instructure from an outperform rating to a market perform rating and set a $45.20 price target on the stock. in a research note on Friday, July 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $47.56.

Shares of INST stock opened at $40.11 on Monday. The stock has a market cap of $1.47 billion, a PE ratio of -32.61 and a beta of 0.47. Instructure has a 52 week low of $29.48 and a 52 week high of $50.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average of $41.50.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, July 29th. The technology company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.07. The business had revenue of $62.87 million for the quarter, compared to analysts’ expectations of $62.07 million. Instructure had a negative net margin of 24.07% and a negative return on equity of 41.15%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. On average, research analysts forecast that Instructure will post -2.25 EPS for the current fiscal year.

In other news, Director Joshua L. Coates sold 10,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $40.71, for a total transaction of $407,100.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at approximately $223,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. Following the sale, the director now owns 5,500 shares in the company, valued at $221,595. The disclosure for this sale can be found here. Insiders have sold a total of 69,000 shares of company stock worth $2,889,310 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in INST. Formula Growth Ltd. raised its position in Instructure by 27.7% in the 1st quarter. Formula Growth Ltd. now owns 461,637 shares of the technology company’s stock worth $21,752,000 after purchasing an additional 100,000 shares during the period. FMR LLC raised its position in Instructure by 50.7% in the 4th quarter. FMR LLC now owns 1,019,934 shares of the technology company’s stock worth $38,258,000 after purchasing an additional 343,103 shares during the period. Legal & General Group Plc raised its position in Instructure by 23.7% in the 4th quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,153 shares during the period. First Trust Advisors LP purchased a new stake in Instructure in the 1st quarter worth about $3,596,000. Finally, Daiwa SB Investments Ltd. raised its position in Instructure by 8.7% in the 1st quarter. Daiwa SB Investments Ltd. now owns 196,339 shares of the technology company’s stock worth $9,251,000 after purchasing an additional 15,728 shares during the period. Hedge funds and other institutional investors own 87.39% of the company’s stock.

About Instructure

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for K–12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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Analyst Recommendations for Instructure (NYSE:INST)

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