Instructure (NYSE:INST) had its price target hoisted by Oppenheimer from $41.00 to $43.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price points to a potential upside of 2.26% from the stock’s previous close.

Several other equities research analysts also recently weighed in on INST. Morgan Stanley set a $42.00 price target on Instructure and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC upped their price target on Instructure from $39.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Tuesday. SunTrust Banks upped their price target on Instructure to $47.00 and gave the stock a “buy” rating in a report on Tuesday. BidaskClub cut Instructure from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Finally, ValuEngine raised Instructure from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Instructure presently has a consensus rating of “Buy” and a consensus target price of $40.60.

Shares of Instructure (NYSE:INST) opened at $42.05 on Tuesday. Instructure has a 1-year low of $22.00 and a 1-year high of $43.80. The firm has a market capitalization of $1,250.00 and a PE ratio of -24.45.

Instructure (NYSE:INST) last issued its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. Instructure had a negative return on equity of 827.22% and a negative net margin of 31.37%. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $41.43 million. During the same quarter in the prior year, the business earned ($0.35) EPS. Instructure’s revenue was up 39.0% on a year-over-year basis. analysts forecast that Instructure will post -1.53 earnings per share for the current year.

In related news, Director Ellen Levy sold 9,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $34.55, for a total value of $310,950.00. Following the completion of the sale, the director now directly owns 17,562 shares of the company’s stock, valued at approximately $606,767.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Kaminer sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the senior vice president now directly owns 22,498 shares of the company’s stock, valued at $809,928. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,445 shares of company stock valued at $1,594,596. Insiders own 12.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nine Ten Capital Management LLC boosted its position in shares of Instructure by 4.3% in the 4th quarter. Nine Ten Capital Management LLC now owns 2,758,900 shares of the technology company’s stock valued at $91,320,000 after purchasing an additional 113,576 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Instructure by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after purchasing an additional 220,778 shares during the period. BlackRock Inc. boosted its position in shares of Instructure by 6.8% in the 4th quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock valued at $44,633,000 after purchasing an additional 85,498 shares during the period. Janus Henderson Group PLC boosted its position in shares of Instructure by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after purchasing an additional 4,282 shares during the period. Finally, FMR LLC boosted its position in shares of Instructure by 45.9% in the 2nd quarter. FMR LLC now owns 875,150 shares of the technology company’s stock valued at $25,817,000 after purchasing an additional 275,150 shares during the period. 78.93% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Instructure (NYSE:INST)

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