Nine Ten Capital Management LLC Has $122.46 Million Position in Instructure Inc (NYSE:INST)

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Nine Ten Capital Management LLC decreased its holdings in Instructure Inc (NYSE:INST) by 10.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,881,388 shares of the technology company’s stock after selling 338,532 shares during the period. Instructure accounts for about 34.2% of Nine Ten Capital Management LLC’s portfolio, making the stock its biggest holding. Nine Ten Capital Management LLC owned approximately 7.77% of Instructure worth $122,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Instructure by 3.2% during the second quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock valued at $97,763,000 after buying an additional 70,447 shares during the last quarter. Vanguard Group Inc. boosted its stake in Instructure by 3.1% during the second quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock valued at $71,998,000 after buying an additional 50,458 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Instructure by 0.7% during the second quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock valued at $70,131,000 after buying an additional 12,000 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Instructure by 43.7% during the first quarter. TimesSquare Capital Management LLC now owns 1,430,085 shares of the technology company’s stock valued at $67,386,000 after buying an additional 434,810 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Instructure by 3.5% during the second quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock valued at $56,047,000 after buying an additional 45,100 shares during the last quarter. 90.80% of the stock is owned by hedge funds and other institutional investors.

INST stock traded up $0.17 during midday trading on Thursday, reaching $39.19. 14,835 shares of the company traded hands, compared to its average volume of 298,257. Instructure Inc has a 52-week low of $29.48 and a 52-week high of $50.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $40.42 and a 200-day moving average of $42.74. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -31.97 and a beta of 0.45.

Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.07. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The business had revenue of $62.87 million for the quarter, compared to the consensus estimate of $62.07 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. Research analysts anticipate that Instructure Inc will post -2.25 earnings per share for the current year.

In other Instructure news, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $41.06, for a total transaction of $205,300.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at $225,830. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew Kaminer sold 2,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $40.73, for a total value of $81,460.00. Following the completion of the sale, the insider now owns 36,075 shares in the company, valued at $1,469,334.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,000 shares of company stock worth $3,299,860. Company insiders own 9.60% of the company’s stock.

A number of equities analysts recently commented on INST shares. Zacks Investment Research lowered Instructure from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. ValuEngine raised Instructure from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target on shares of Instructure in a research note on Tuesday, July 30th. Oppenheimer raised Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target for the company in a research note on Monday, August 12th. Finally, William Blair reissued a “market perform” rating on shares of Instructure in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.61.

Instructure Profile

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 K–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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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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