The Instructure Inc (INST) Rating Reiterated by Jefferies Group LLC

The Instructure Inc (INST) Rating Reiterated by Jefferies Group LLC

A number of other research firms have also recently weighed in on INST. ValuEngine upgraded shares of Instructure from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James Financial, Inc. upgraded shares of Instructure from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $28.00 to $29.00 in a research report on Thursday, March 16th. Needham & Company LLC upped their price objective on shares of Instructure from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of Instructure in a research report on Thursday, May 4th. Finally, Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.67.

Instructure Inc (NYSE:INST)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $30.00 price objective on the technology company’s stock. Jefferies Group LLC’s price target points to a potential upside of 11.32% from the stock’s previous close.

Instructure (NYSE:INST) opened at 26.95 on Friday. Instructure has a 1-year low of $17.16 and a 1-year high of $27.00. The company’s 50-day moving average is $25.13 and its 200 day moving average is $22.57. The stock’s market capitalization is $779.31 million.

In other news, Director William M. Conroy sold 8,000 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $25.01, for a total transaction of $200,080.00. Following the completion of the sale, the director now owns 21,094 shares of the company’s stock, valued at $527,560.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc T. Maloy sold 3,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $25.21, for a total transaction of $75,630.00. Following the sale, the executive vice president now directly owns 12,614 shares of the company’s stock, valued at approximately $317,998.94. The disclosure for this sale can be found here. Insiders have sold 58,681 shares of company stock valued at $1,455,132 in the last ninety days. Insiders own 62.50% of the company’s stock. Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after buying an additional 426 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Instructure during the first quarter worth about $192,000. Ellington Management Group LLC acquired a new stake in Instructure during the fourth quarter worth about $311,000. Dynamic Technology Lab Private Ltd acquired a new stake in Instructure during the first quarter worth about $328,000. Finally, Trexquant Investment LP acquired a new stake in Instructure during the first quarter worth about $340,000. 50.60% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “INST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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