Instructure (NYSE:INST) Shares Gap Up to $45.96

Instructure Inc (NYSE:INST) gapped up before the market opened on Friday . The stock had previously closed at $44.12, but opened at $45.96. Instructure shares last traded at $47.66, with a volume of 9,216,623 shares changing hands.

INST has been the subject of several research reports. Zacks Investment Research upgraded Instructure from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Instructure in a research note on Monday, November 18th. First Analysis downgraded Instructure from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 4th. SunTrust Banks lowered shares of Instructure from a “buy” rating to a “hold” rating and set a $47.60 price objective for the company. in a research note on Tuesday, January 14th. Finally, Barrington Research cut shares of Instructure from an “outperform” rating to a “market perform” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.71.

The stock has a market capitalization of $1.79 billion, a P/E ratio of -26.63 and a beta of 0.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $47.97 and a 200 day moving average price of $44.98.

In related news, CMO Marta Debellis sold 591 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $53.18, for a total transaction of $31,429.38. Following the sale, the chief marketing officer now owns 1,526 shares of the company’s stock, valued at $81,152.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Simon Quick Advisors LLC acquired a new stake in Instructure in the fourth quarter valued at approximately $28,000. Carroll Financial Associates Inc. acquired a new position in shares of Instructure during the fourth quarter worth $41,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Instructure during the second quarter worth $63,000. Banque Cantonale Vaudoise purchased a new stake in shares of Instructure during the 4th quarter valued at $87,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Instructure in the 2nd quarter worth $87,000. Hedge funds and other institutional investors own 95.38% of the company’s stock.

About Instructure (NYSE:INST)

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 KÂ-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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