OxFORD Asset Management LLP purchased a new position in Instructure Inc (NYSE:INST) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,642 shares of the technology company’s stock, valued at approximately $1,082,000. OxFORD Asset Management LLP owned approximately 0.11% of Instructure as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of Instructure by 2.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,555 shares of the technology company’s stock valued at $577,000 after purchasing an additional 410 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Instructure by 3.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 25,367 shares of the technology company’s stock valued at $594,000 after acquiring an additional 855 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Instructure by 7.6% in the 2nd quarter. Alliancebernstein L.P. now owns 17,000 shares of the technology company’s stock valued at $502,000 after acquiring an additional 1,200 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Instructure by 6.1% in the 2nd quarter. Keybank National Association OH now owns 21,490 shares of the technology company’s stock valued at $634,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Instructure by 54.6% in the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,440 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.
A number of analysts recently weighed in on INST shares. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. William Blair began coverage on shares of Instructure in a research report on Thursday, October 26th. They set a “market perform” rating on the stock. Macquarie began coverage on shares of Instructure in a research report on Thursday, December 7th. They set an “outperform” rating and a $41.00 target price on the stock. Oppenheimer reissued a “buy” rating and set a $41.00 price objective on shares of Instructure in a report on Wednesday, December 6th. Finally, Morgan Stanley raised shares of Instructure from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $39.00 in a report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Instructure currently has a consensus rating of “Buy” and a consensus price target of $38.00.
In related news, SVP Matthew Kaminer sold 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $34.61, for a total transaction of $103,830.00. Following the transaction, the senior vice president now directly owns 16,146 shares in the company, valued at $558,813.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc T. Maloy sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $34.91, for a total transaction of $69,820.00. Following the transaction, the executive vice president now owns 14,736 shares in the company, valued at $514,433.76. The disclosure for this sale can be found here. Insiders sold 65,867 shares of company stock valued at $2,269,015 in the last ninety days. 12.80% of the stock is owned by corporate insiders.
Instructure Inc (NYSE:INST) traded down $0.55 during midday trading on Friday, reaching $34.25. 175,485 shares of the company were exchanged, compared to its average volume of 132,844. The firm has a market capitalization of $1,020.00 and a P/E ratio of -19.46. Instructure Inc has a 52 week low of $20.50 and a 52 week high of $36.60.
Instructure (NYSE:INST) last posted its earnings results on Monday, October 30th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. The company had revenue of $42.95 million during the quarter, compared to the consensus estimate of $40.57 million. During the same period in the previous year, the firm posted ($0.34) earnings per share. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. analysts expect that Instructure Inc will post -1.75 EPS for the current year.
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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