Instructure’s (INST) “Outperform” Rating Reiterated at UBS AG

Instructure, Inc. (NYSE:INST)‘s stock had its “outperform” rating reissued by analysts at UBS AG in a research report issued on Tuesday, August 1st, The Fly reports. They presently have a $38.00 price objective on the technology company’s stock, up from their previous price objective of $33.00. UBS AG’s price objective would indicate a potential upside of 21.21% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $39.00 target price (up previously from $33.00) on shares of Instructure in a research note on Thursday, July 27th. SunTrust Banks, Inc. started coverage on Instructure in a research note on Monday, June 26th. They issued a “buy” rating and a $33.00 target price for the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $33.00 price target (up previously from $30.00) on shares of Instructure in a report on Friday, June 23rd. Finally, Jefferies Group LLC increased their target price on Instructure from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.63.

Instructure (NYSE INST) opened at 31.35 on Tuesday. Instructure has a one year low of $17.85 and a one year high of $34.10. The stock’s market capitalization is $921.03 million. The company’s 50-day moving average price is $30.41 and its 200-day moving average price is $26.01.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.04. The company had revenue of $38 million during the quarter, compared to analyst estimates of $37.09 million. Instructure had a negative return on equity of 827.22% and a negative net margin of 38.12%. The firm’s revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) earnings per share. Equities research analysts predict that Instructure will post ($1.24) EPS for the current year.

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In other Instructure news, CFO Steven B. Kaminsky sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now directly owns 150,459 shares in the company, valued at $4,513,770. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Collins sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $30.64, for a total value of $91,920.00. Following the transaction, the director now owns 6,552 shares in the company, valued at $200,753.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock valued at $750,260. Insiders own 62.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of INST. Janus Henderson Group PLC acquired a new position in Instructure during the second quarter worth approximately $34,748,000. Whale Rock Capital Management LLC bought a new stake in Instructure during the first quarter worth $26,000,000. Nine Ten Capital Management LLC increased its stake in Instructure by 60.2% in the first quarter. Nine Ten Capital Management LLC now owns 2,631,124 shares of the technology company’s stock worth $61,568,000 after buying an additional 988,396 shares during the last quarter. SQN Investors LP increased its stake in Instructure by 89.3% in the second quarter. SQN Investors LP now owns 1,343,919 shares of the technology company’s stock worth $39,646,000 after buying an additional 633,875 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Instructure by 519.2% in the second quarter. Renaissance Technologies LLC now owns 664,590 shares of the technology company’s stock worth $19,605,000 after buying an additional 557,255 shares during the last quarter. Institutional investors and hedge funds own 62.15% of the company’s stock.

About Instructure

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.

The Fly

Analyst Recommendations for Instructure (NYSE:INST)

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