Instructure Inc (INST) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $25 . Needham advised their investors in a research report released on Aug 2, 2016.
Many Wall Street Analysts have commented on Instructure Inc. Needham Resumed Instructure Inc on May 16, 2016 to “Buy”, Price Target of the shares are set at $25.
On the company’s financial health, Instructure Inc reported $-0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.52. The company had revenue of $25.90 million for the quarter, compared to analysts expectations of $24.31 million. The company’s revenue was up 62.9% compared to the same quarter last year.
In a different news, on Jul 19, 2016, Marc T. Maloy (EVP, Worldwide Sales) sold 2,000 shares at $20.58 per share price. According to the SEC, on Jun 8, 2016, Byron B Deeter (director) sold 0 shares at $0.00 per share price. On Jun 3, 2016, Steven B. Kaminsky (Chief Financial Officer) sold 535 shares at $18.08 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 Companys technology is used by 400+ colleges universities and school districts.