Instructure Inc (NYSE:INST)’s share price reached a new 52-week high on Monday . The stock traded as high as $44.03 and last traded at $44.05, with a volume of 178196 shares trading hands. The stock had previously closed at $43.50.
A number of equities analysts have commented on INST shares. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Macquarie started coverage on shares of Instructure in a research note on Thursday, December 7th. They issued an “outperform” rating and a $41.00 price objective for the company. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Oppenheimer reissued a “buy” rating and issued a $41.00 price objective on shares of Instructure in a research note on Wednesday, December 6th. Finally, BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Instructure presently has an average rating of “Buy” and a consensus target price of $40.60.
The stock has a market capitalization of $1,370.00 and a P/E ratio of -25.91.
In related news, COO Mitch Macfarlane sold 5,445 shares of Instructure stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.07, for a total transaction of $201,846.15. Following the completion of the transaction, the chief operating officer now directly owns 50,526 shares of the company’s stock, valued at approximately $1,872,998.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen Levy sold 6,000 shares of Instructure stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $43.03, for a total transaction of $258,180.00. Following the transaction, the director now directly owns 11,562 shares of the company’s stock, valued at $497,512.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,445 shares of company stock valued at $1,852,776. 12.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nine Ten Capital Management LLC lifted its holdings in Instructure by 4.3% during the 4th quarter. Nine Ten Capital Management LLC now owns 2,758,900 shares of the technology company’s stock valued at $91,320,000 after buying an additional 113,576 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Instructure by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after buying an additional 220,778 shares in the last quarter. BlackRock Inc. lifted its holdings in Instructure by 6.8% during the 4th quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock valued at $44,633,000 after buying an additional 85,498 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Instructure by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after buying an additional 4,282 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in Instructure during the 4th quarter valued at about $25,436,000. Institutional investors own 77.39% of the company’s stock.
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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.
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