Shares of Instructure Inc (NYSE:INST) gapped up before the market opened on Friday . The stock had previously closed at $44.12, but opened at $45.96. Instructure shares last traded at $47.66, with a volume of 9,216,623 shares.
Several analysts have commented on INST shares. SunTrust Banks lowered Instructure from a “buy” rating to a “hold” rating and set a $47.60 price objective on the stock. in a report on Tuesday, January 14th. First Analysis downgraded Instructure from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 4th. Barrington Research lowered Instructure from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 5th. ValuEngine cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $48.71.
The firm has a market cap of $1.79 billion, a PE ratio of -26.63 and a beta of 0.48. The firm has a 50-day moving average price of $47.97 and a two-hundred day moving average price of $44.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.28.
In related news, CMO Marta Debellis sold 591 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $53.18, for a total transaction of $31,429.38. Following the completion of the sale, the chief marketing officer now directly owns 1,526 shares in the company, valued at $81,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of Instructure by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 45,113 shares of the technology company’s stock worth $1,748,000 after purchasing an additional 338 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Instructure by 1.3% in the second quarter. Royal Bank of Canada now owns 27,796 shares of the technology company’s stock valued at $1,181,000 after purchasing an additional 355 shares during the last quarter. Victory Capital Management Inc. lifted its position in Instructure by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,710 shares of the technology company’s stock worth $275,000 after buying an additional 375 shares in the last quarter. Amalgamated Bank lifted its position in Instructure by 6.2% during the fourth quarter. Amalgamated Bank now owns 6,388 shares of the technology company’s stock worth $308,000 after buying an additional 375 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new position in Instructure during the fourth quarter worth approximately $28,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
Instructure Company Profile (NYSE:INST)
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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