Instructure Inc (INST) is Upgraded by Needham to Strong Buy, Price Target at $28

Instructure Inc (INST) was Upgraded by Needham to ” Strong Buy” and the brokerage firm has set the Price Target at $28. Earlier the firm had a rating of “Buy ” on the company shares. Needham advised their investors in a research report released on Dec 1, 2016.

On the company’s financial health, Instructure Inc reported $-0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $-0.42. The company had revenue of $30.15 million for the quarter, compared to analysts expectations of $30.28 million. The company’s revenue was up 44.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.43 EPS.

In a different news, on Nov 15, 2016, Joshua L. Coates (CEO) purchased 5,500 shares at $18.80 per share price. According to the SEC, on Nov 3, 2016, Matthew Kaminer (SVP, GC & Secretary) purchased 1,601 shares at $19.82 per share price. On Oct 18, 2016, Marc T. Maloy (EVP, World Wide Sales) sold 2,000 shares at $24.23 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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