Zacks Investment Research downgraded shares of Instructure (NYSE:INST) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

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. “

A number of other brokerages also recently commented on INST. ValuEngine downgraded Instructure from a buy rating to a hold rating in a report on Wednesday, March 6th. Berenberg Bank initiated coverage on Instructure in a report on Wednesday, March 6th. They set a hold rating and a $46.00 target price for the company. TheStreet upgraded Instructure from a d rating to a c rating in a report on Wednesday, February 20th. Morgan Stanley downgraded Instructure from an overweight rating to an equal weight rating and set a $39.50 target price for the company. in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, First Analysis downgraded Instructure from a strong-buy rating to an outperform rating and decreased their target price for the company from $50.00 to $49.00 in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $45.88.

Shares of INST stock opened at $47.37 on Thursday. Instructure has a fifty-two week low of $29.48 and a fifty-two week high of $49.17. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -38.51 and a beta of 0.57.

Instructure (NYSE:INST) last announced its quarterly earnings data on Tuesday, February 19th. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.14. Instructure had a negative return on equity of 33.63% and a negative net margin of 20.74%. The firm had revenue of $56.25 million during the quarter, compared to the consensus estimate of $55.79 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The business’s revenue was up 25.7% on a year-over-year basis. On average, equities research analysts forecast that Instructure will post -1.99 EPS for the current fiscal year.

In related news, CFO Steven B. Kaminsky sold 1,400 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $47.65, for a total value of $66,710.00. Following the sale, the chief financial officer now directly owns 161,299 shares of the company’s stock, valued at $7,685,897.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $46.92, for a total value of $234,600.00. Following the completion of the sale, the director now directly owns 5,500 shares in the company, valued at $258,060. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,447 shares of company stock worth $1,598,299. 10.40% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in Instructure in the fourth quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Instructure by 26.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after acquiring an additional 481 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Instructure in the third quarter worth $162,000. Legal & General Group Plc grew its stake in shares of Instructure by 23.7% in the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock worth $226,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Instructure in the third quarter worth $231,000. 90.89% of the stock is currently owned by institutional investors.

Instructure Company Profile

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 K–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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