Instructure (NYSE:INST) had its price target dropped by stock analysts at DA Davidson from $55.00 to $47.60 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective points to a potential downside of 3.09% from the stock’s previous close.

A number of other brokerages have also recently issued reports on INST. Barrington Research cut shares of Instructure from an “outperform” rating to a “market perform” rating in a report on Thursday. CIBC upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 target price on the stock in a research report on Monday, August 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Instructure in a report on Monday, November 18th. Oppenheimer upgraded Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a research report on Monday, August 12th. Finally, First Analysis lowered Instructure from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Instructure has a consensus rating of “Hold” and a consensus price target of $48.45.

Shares of NYSE:INST opened at $49.12 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.85 billion, a PE ratio of -39.93 and a beta of 0.52. Instructure has a twelve month low of $33.47 and a twelve month high of $54.31. The company has a 50-day moving average price of $48.42 and a two-hundred day moving average price of $42.84.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $68.08 million. Instructure had a negative net margin of 26.64% and a negative return on equity of 44.38%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Analysts anticipate that Instructure will post -2.1 earnings per share for the current fiscal year.

In related news, insider Matthew Kaminer sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $46.50, for a total transaction of $232,500.00. Following the completion of the transaction, the insider now directly owns 46,901 shares in the company, valued at $2,180,896.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Marta Debellis sold 591 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $53.18, for a total value of $31,429.38. Following the completion of the transaction, the chief marketing officer now owns 1,526 shares in the company, valued at $81,152.68. The disclosure for this sale can be found here. Insiders have sold a total of 188,398 shares of company stock worth $9,056,108 in the last ninety days. 9.60% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in INST. Royal Bank of Canada grew its holdings in shares of Instructure by 1.3% during the second quarter. Royal Bank of Canada now owns 27,796 shares of the technology company’s stock worth $1,181,000 after purchasing an additional 355 shares in the last quarter. Rhumbline Advisers raised its stake in Instructure by 0.8% in the third quarter. Rhumbline Advisers now owns 45,113 shares of the technology company’s stock valued at $1,748,000 after purchasing an additional 338 shares in the last quarter. CDAM UK Ltd lifted its position in Instructure by 15.0% during the third quarter. CDAM UK Ltd now owns 705,457 shares of the technology company’s stock valued at $27,329,000 after purchasing an additional 92,216 shares during the last quarter. California Public Employees Retirement System lifted its position in Instructure by 70.4% during the third quarter. California Public Employees Retirement System now owns 66,130 shares of the technology company’s stock valued at $2,562,000 after purchasing an additional 27,330 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Instructure by 1.2% in the 2nd quarter. Northern Trust Corp now owns 399,030 shares of the technology company’s stock worth $16,959,000 after buying an additional 4,821 shares in the last quarter. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

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 KÂ-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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