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

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. “

INST has been the subject of several other reports. SunTrust Banks, Inc. initiated coverage on Instructure in a research report on Monday, June 26th. They issued a buy rating and a $33.00 target price for the company. First Analysis increased their target price on Instructure from $34.00 to $38.00 and gave the company an overweight rating in a research report on Thursday, July 27th. Morgan Stanley upgraded Instructure from an equal weight rating to an overweight rating and increased their target price for the company from $35.00 to $39.00 in a research report on Monday, September 18th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $33.00 target price (up from $30.00) on shares of Instructure in a research report on Friday, June 23rd. Finally, Needham & Company LLC reiterated a buy rating and issued a $39.00 target price (up from $33.00) on shares of Instructure in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Instructure presently has a consensus rating of Buy and an average target price of $36.00.

Instructure (NYSE INST) opened at 34.40 on Wednesday. The company’s market capitalization is $1.01 billion. Instructure has a 12-month low of $17.85 and a 12-month high of $34.85. The company has a 50 day moving average price of $31.82 and a 200-day moving average price of $28.10.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 31st. The technology company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.04. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $37.09 million. During the same period in the prior year, the company earned ($0.44) EPS. Instructure’s revenue for the quarter was up 46.7% on a year-over-year basis. On average, analysts anticipate that Instructure will post ($1.24) EPS for the current year.

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In related news, Director Steven A. Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $30.64, for a total transaction of $91,920.00. Following the completion of the sale, the director now owns 6,552 shares of the company’s stock, valued at $200,753.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marc T. Maloy sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $31.70, for a total value of $63,400.00. Following the sale, the executive vice president now directly owns 13,272 shares of the company’s stock, valued at approximately $420,722.40. The disclosure for this sale can be found here. In the last three months, insiders sold 36,650 shares of company stock valued at $1,111,538. Insiders own 62.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nine Ten Capital Management LLC grew its stake in Instructure by 60.2% during the first quarter. Nine Ten Capital Management LLC now owns 2,631,124 shares of the technology company’s stock worth $61,568,000 after purchasing an additional 988,396 shares during the period. JPMorgan Chase & Co. grew its stake in Instructure by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,948 shares of the technology company’s stock worth $70,769,000 after purchasing an additional 84,856 shares during the period. Whale Rock Capital Management LLC grew 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. SQN Investors LP grew 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. Finally, Janus Henderson Group PLC acquired a new stake in Instructure during the second quarter worth approximately $34,748,000. 78.33% of the stock is owned by institutional investors and hedge funds.

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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