Citigroup cut shares of Instructure (NYSE:INST) from a buy rating to a neutral rating in a research note issued to investors on Thursday, 24/7 WallStreet reports. Citigroup currently has $47.60 price target on the technology company’s stock, down from their previous price target of $55.00.

A number of other equities research analysts also recently issued reports on the stock. DA Davidson reissued a buy rating on shares of Instructure in a research note on Monday, September 16th. CIBC raised Instructure from a market perform rating to an outperform rating and set a $56.00 target price for the company in a research report on Monday, August 12th. William Blair reiterated a market perform rating on shares of Instructure in a research note on Monday, August 12th. Zacks Investment Research raised shares of Instructure from a hold rating to a buy rating and set a $50.00 price target on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a hold rating on shares of Instructure in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $48.45.

NYSE:INST opened at $49.12 on Thursday. Instructure has a 52 week low of $33.47 and a 52 week high of $54.31. The stock’s fifty day moving average is $48.42 and its two-hundred day moving average is $42.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 1.05.

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

In other Instructure news, CFO Steven B. Kaminsky sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $41.43, for a total transaction of $828,600.00. Following the completion of the transaction, the chief financial officer now owns 183,817 shares in the company, valued at approximately $7,615,538.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Marta Debellis sold 591 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 disclosure for this sale can be found here. Insiders 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 owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in INST. First Trust Advisors LP purchased a new position in Instructure in the first quarter valued at $3,596,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Instructure by 60.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 15,375 shares of the technology company’s stock worth $724,000 after acquiring an additional 5,775 shares during the period. SG Americas Securities LLC grew its holdings in shares of Instructure by 112.3% in the 2nd quarter. SG Americas Securities LLC now owns 48,545 shares of the technology company’s stock worth $2,063,000 after acquiring an additional 25,674 shares during the period. Aperio Group LLC purchased a new position in Instructure in the 2nd quarter valued at approximately $58,000. Finally, Janus Henderson Group PLC increased its stake in Instructure by 3.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock valued at $56,047,000 after purchasing an additional 45,100 shares in the last quarter. 94.51% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Instructure (NYSE:INST)

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