Shares of Instructure Inc. (NYSE:INST) have received a consensus rating of “Buy” from the nine brokerages that are covering the firm. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.63.

A number of equities research analysts recently weighed in on the stock. Jefferies Group lifted their price objective on shares of Instructure from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Barrington Research lifted their price objective on shares of Instructure from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective on shares of Instructure in a report on Wednesday, September 7th. Finally, Raymond James Financial Inc. lifted their price objective on shares of Instructure from $28.00 to $30.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 2nd.

Shares of Instructure (NYSE:INST) opened at 24.48 on Monday. Instructure has a 12-month low of $13.21 and a 12-month high of $26.00. The stock’s market cap is $685.07 million. The stock’s 50 day moving average is $24.44 and its 200-day moving average is $20.91.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.08. The company had revenue of $25.89 million for the quarter, compared to the consensus estimate of $24.31 million. The company’s revenue for the quarter was up 62.9% on a year-over-year basis. Equities analysts expect that Instructure will post ($1.73) EPS for the current year.

In other news, CFO Steven B. Kaminsky sold 2,000 shares of Instructure stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the transaction, the chief financial officer now owns 263,609 shares of the company’s stock, valued at approximately $6,590,225. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Affiliates Fund Lp Openview II sold 123,604 shares of Instructure stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $24.28, for a total transaction of $3,001,105.12. The disclosure for this sale can be found here. 62.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Instructure by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 1,545,238 shares of the company’s stock worth $29,360,000 after buying an additional 96,569 shares during the last quarter. Harvest Capital Strategies LLC purchased a new position in shares of Instructure during the first quarter worth about $897,000. Granahan Investment Management Inc. MA increased its stake in Instructure by 28.6% in the first quarter. Granahan Investment Management Inc. MA now owns 356,889 shares of the company’s stock valued at $6,403,000 after buying an additional 79,372 shares in the last quarter. Geode Capital Management LLC increased its stake in Instructure by 31.2% in the first quarter. Geode Capital Management LLC now owns 38,428 shares of the company’s stock valued at $689,000 after buying an additional 9,135 shares in the last quarter. Finally, State Street Corp increased its stake in Instructure by 38.9% in the first quarter. State Street Corp now owns 55,011 shares of the company’s stock valued at $987,000 after buying an additional 15,400 shares in the last quarter. 33.79% of the stock is currently owned by hedge funds and other institutional investors.

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 engaging face-to-face and online learning experiences.

5 Day Chart for NYSE:INST

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