Instructure (INST) Stock Price Up 6.2%

Shares of Instructure Inc (NYSE:INST) rose 6.2% on Friday . The stock traded as high as $42.90 and last traded at $42.61. Approximately 579,392 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 339,859 shares. The stock had previously closed at $40.12.

INST has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. ValuEngine raised shares of Instructure from a “hold” rating to a “buy” rating in a report on Wednesday, December 12th. Credit Suisse Group initiated coverage on shares of Instructure in a report on Friday, November 9th. They issued a “neutral” rating and a $42.00 target price on the stock. Raymond James decreased their target price on shares of Instructure from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 30th. Finally, Citigroup decreased their target price on shares of Instructure from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.10.

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The firm has a market cap of $1.49 billion, a PE ratio of -24.77 and a beta of 0.49.

Several institutional investors have recently made changes to their positions in INST. Mackenzie Financial Corp bought a new stake in shares of Instructure during the 3rd quarter valued at approximately $41,945,000. Foxhaven Asset Management LP bought a new stake in shares of Instructure during the 4th quarter valued at approximately $40,606,000. Tensile Capital Management LLC bought a new stake in shares of Instructure during the 4th quarter valued at approximately $33,647,000. Vista Equity Partners Management LLC grew its holdings in shares of Instructure by 670.7% during the 4th quarter. Vista Equity Partners Management LLC now owns 531,192 shares of the technology company’s stock valued at $19,925,000 after purchasing an additional 462,272 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Instructure by 63.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 551,559 shares of the technology company’s stock valued at $19,525,000 after purchasing an additional 213,125 shares during the last quarter. 83.54% of the stock is currently owned by institutional investors.

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Instructure Company Profile (NYSE:INST)

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.

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