Fintel reports that on January 5, 2024, Jefferies upgraded their outlook for Instructure Holdings (NYSE:INST) from Hold to Buy .
Analyst Price Forecast Suggests 29.20% Upside
As of December 16, 2023, the average one-year price target for Instructure Holdings is 32.03. The forecasts range from a low of 25.25 to a high of $36.75. The average price target represents an increase of 29.20% from its latest reported closing price of 24.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Instructure Holdings is 588MM, an increase of 13.10%. The projected annual non-GAAP EPS is 1.33.
What is the Fund Sentiment?
There are 248 funds or institutions reporting positions in Instructure Holdings. This is an increase of 23 owner(s) or 10.22% in the last quarter. Average portfolio weight of all funds dedicated to INST is 0.39%, a decrease of 1.29%. Total shares owned by institutions increased in the last three months by 0.19% to 144,410K shares. 
The put/call ratio of INST is 0.35, indicating a bullish outlook.
What are Other Shareholders Doing?
Thoma Bravo holds 122,066K shares representing 84.36% ownership of the company. No change in the last quarter.
Macquarie Group holds 2,884K shares representing 1.99% ownership of the company. In it's prior filing, the firm reported owning 2,802K shares, representing an increase of 2.83%. The firm decreased its portfolio allocation in INST by 40.79% over the last quarter.
Lead Edge Capital Management holds 2,168K shares representing 1.50% ownership of the company. No change in the last quarter.
Alliancebernstein holds 1,883K shares representing 1.30% ownership of the company. In it's prior filing, the firm reported owning 1,918K shares, representing a decrease of 1.85%. The firm decreased its portfolio allocation in INST by 11.51% over the last quarter.
DCCAX - Delaware Small Cap Core Fund holds 1,512K shares representing 1.05% ownership of the company. In it's prior filing, the firm reported owning 1,475K shares, representing an increase of 2.49%. The firm decreased its portfolio allocation in INST by 0.60% over the last quarter.
Instructure Holdings Background Information
(This description is provided by the company.)
Instructure is an education technology company dedicated to helping everyone learn together. The Company amplifies the power of teaching and elevate the learning process, leading to improved student outcomes. Today, Instructure supports more than 30 million educators and learners at more than 6,000 organizations around the world.
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