Instructure Inc (INST) is Resumed by Needham to Buy, Price Target at $25

Instructure Inc (INST) was Resumed by Needham to “Buy” and the brokerage firm has set the Price Target at $25. Needham advised their investors in a research report released on May 16, 2016.

On the company’s financial health, Instructure Inc reported $-0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.48. The company had revenue of $23.30 million for the quarter, compared to analysts expectations of $22.39 million. The company’s revenue was up 59.6% compared to the same quarter last year.

In a different news, on Nov 18, 2015, Lloyd G Waterhouse (director) purchased 18,750 shares at $16.00 per share price. According to the SEC, on Nov 18, 2015, Ellen Levy (director) purchased 4,687 shares at $16.00 per share price. On Nov 18, 2015, William M Conroy (director) purchased 15,625 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Instructure Inc is a United States-based technology company. The Company provides instructors and students with tools and resources. Instructure offers Canvas which is a learning management system as well as Canvas Network online courses by educators everywhere – from Ivy League institutions to community colleges. The Company’s technology is used by 400+ colleges universities and school districts.

Instructure Inc

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