Vista Equity Partners Management LLC Has $18.70 Million Stake in Instructure, Inc. (INST)

Vista Equity Partners Management LLC raised its stake in Instructure, Inc. (NYSE:INST) by 36.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 799,117 shares of the technology company’s stock after buying an additional 214,884 shares during the period. Instructure comprises approximately 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 filing with the SEC.

Other hedge funds have also modified their holdings of the company. American International Group Inc. boosted its stake in shares of Instructure by 7.1% in the first quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock worth $151,000 after buying an additional 426 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Instructure by 3.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock worth $594,000 after buying an additional 855 shares during the period. Teachers Advisors LLC boosted its stake in shares of Instructure by 7.2% in the first quarter. Teachers Advisors LLC now owns 18,189 shares of the technology company’s stock worth $426,000 after buying an additional 1,217 shares during the period. Keybank National Association OH boosted its stake in shares of Instructure by 6.9% in the first quarter. Keybank National Association OH now owns 20,252 shares of the technology company’s stock worth $474,000 after buying an additional 1,300 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its stake in shares of Instructure by 7.3% in the first quarter. Kornitzer Capital Management Inc. KS now owns 88,100 shares of the technology company’s stock worth $2,062,000 after buying an additional 6,000 shares during the period. 64.12% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Instructure (NYSE:INST)

Shares of Instructure, Inc. (NYSE:INST) traded up 1.73% during trading on Monday, hitting $26.45. 439,709 shares of the stock traded hands. The firm’s market cap is $764.85 million. Instructure, Inc. has a 12 month low of $17.16 and a 12 month high of $27.00. The company has a 50 day moving average price of $25.87 and a 200 day moving average price of $23.02.

Instructure (NYSE:INST) last announced its earnings results on Monday, May 1st. The technology company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $34 million for the quarter, compared to analyst estimates of $32.96 million. Instructure had a negative net margin of 43.24% and a negative return on equity of 385.77%. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.42) EPS. Analysts anticipate that Instructure, Inc. will post ($1.27) earnings per share for the current fiscal year.

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A number of brokerages have commented on INST. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Instructure in a research report on Friday, June 2nd. ValuEngine upgraded shares of Instructure from a “sell” rating to a “hold” rating in a report 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 on the stock in a report on Tuesday, April 11th. Needham & Company LLC upped their price objective on shares of Instructure from $28.00 to $33.00 and gave the company a “strong-buy” rating in a report on Tuesday, May 2nd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Instructure in a report on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Instructure has an average rating of “Buy” and an average price target of $29.67.

In related news, CFO Steven B. Kaminsky sold 17,781 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $24.59, for a total transaction of $437,234.79. Following the sale, the chief financial officer now owns 151,064 shares of the company’s stock, valued at $3,714,663.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William M. Conroy sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $25.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 21,094 shares in the company, valued at approximately $527,350. The disclosure for this sale can be found here. Insiders have sold a total of 28,781 shares of company stock worth $712,865 in the last ninety days. Insiders own 12.80% of the company’s stock.

Instructure Company Profile

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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