Vista Equity Partners Management LLC raised its position in Instructure, Inc. (NYSE:INST) by 36.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,117 shares of the technology company’s stock after buying an additional 214,884 shares during the period. Instructure comprises about 8.5% of Vista Equity Partners Management LLC’s portfolio, making the stock its largest position. Vista Equity Partners Management LLC owned 2.76% of Instructure worth $18,699,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Nine Ten Capital Management LLC acquired a new stake in Instructure during the fourth quarter valued at approximately $32,115,000. Putnam Investments LLC boosted its stake in shares of Instructure by 70.8% in the fourth quarter. Putnam Investments LLC now owns 1,118,861 shares of the technology company’s stock worth $21,874,000 after buying an additional 463,692 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Instructure by 45.2% in the fourth quarter. Janus Capital Management LLC now owns 1,071,368 shares of the technology company’s stock worth $20,945,000 after buying an additional 333,462 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Instructure by 12.0% in the first quarter. JPMorgan Chase & Co. now owns 2,314,092 shares of the technology company’s stock worth $54,150,000 after buying an additional 248,282 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Instructure by 62.2% in the first quarter. FMR LLC now owns 600,000 shares of the technology company’s stock worth $14,040,000 after buying an additional 230,000 shares during the last quarter. Institutional investors and hedge funds own 64.12% of the company’s stock.
Shares of Instructure, Inc. (INST) traded up 2.27% during trading on Friday, hitting $29.25. 162,601 shares of the stock traded hands. Instructure, Inc. has a 52 week low of $17.85 and a 52 week high of $30.10. The company has a 50-day moving average of $26.72 and a 200-day moving average of $23.58. The firm’s market cap is $845.82 million.
Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, May 1st. The technology company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.04. Instructure had a negative return on equity of 385.77% and a negative net margin of 43.24%. The firm had revenue of $34 million during the quarter, compared to analysts’ expectations of $32.96 million. During the same quarter in the previous year, the business earned ($0.42) earnings per share. The company’s revenue was up 45.9% on a year-over-year basis. On average, analysts forecast that Instructure, Inc. will post ($1.27) EPS for the current fiscal year.
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INST has been the subject of several research analyst reports. Raymond James Financial, Inc. upgraded shares of Instructure from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $28.00 to $29.00 in a research note on Thursday, March 16th. Jefferies Group LLC restated a “buy” rating and issued a $30.00 price objective on shares of Instructure in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, April 11th. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Needham & Company LLC increased their price objective on shares of Instructure from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.71.
In related news, EVP Marc T. Maloy sold 2,000 shares of Instructure stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $29.11, for a total value of $58,220.00. Following the completion of the sale, the executive vice president now owns 13,272 shares of the company’s stock, valued at $386,347.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc T. Maloy sold 3,000 shares of Instructure stock in a transaction on Monday, May 8th. The stock was sold at an average price of $25.21, for a total value of $75,630.00. Following the completion of the sale, the executive vice president now directly owns 12,614 shares of the company’s stock, valued at approximately $317,998.94. The disclosure for this sale can be found here. Insiders sold 30,781 shares of company stock valued at $771,085 in the last 90 days. Company insiders own 62.50% of the company’s stock.
Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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