Swiss National Bank lifted its holdings in shares of Instructure Inc (NYSE:INST) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,900 shares of the technology company’s stock after buying an additional 2,200 shares during the period. Swiss National Bank owned about 0.08% of Instructure worth $758,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Maple Rock Capital Partners Inc. boosted its stake in shares of Instructure by 96.7% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock worth $19,559,000 after buying an additional 290,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Instructure by 23.4% during the 2nd quarter. Vanguard Group Inc. now owns 585,647 shares of the technology company’s stock worth $17,276,000 after buying an additional 110,915 shares during the last quarter. State Street Corp boosted its stake in shares of Instructure by 92.4% during the 2nd quarter. State Street Corp now owns 315,814 shares of the technology company’s stock worth $9,320,000 after buying an additional 151,661 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Instructure by 89.6% during the 3rd quarter. Quantbot Technologies LP now owns 15,901 shares of the technology company’s stock worth $527,000 after buying an additional 7,516 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Instructure during the 3rd quarter worth about $947,000. Institutional investors own 74.00% of the company’s stock.
In other news, Director William M. Conroy sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $45.88, for a total transaction of $252,340.00. Following the transaction, the director now directly owns 33,197 shares of the company’s stock, valued at $1,523,078.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven B. Kaminsky sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.50, for a total transaction of $562,500.00. Following the transaction, the chief financial officer now directly owns 159,297 shares in the company, valued at $5,973,637.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,945 shares of company stock worth $1,624,866. Insiders own 62.50% of the company’s stock.
A number of equities analysts have recently commented on the stock. Morgan Stanley set a $42.00 price objective on shares of Instructure and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Needham & Company LLC raised their target price on shares of Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 13th. William Blair reiterated a “market perform” rating on shares of Instructure in a research note on Tuesday, February 13th. SunTrust Banks raised their target price on shares of Instructure to $47.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, ValuEngine upgraded shares of Instructure from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.60.
Instructure Inc (NYSE:INST) opened at $44.25 on Friday. Instructure Inc has a fifty-two week low of $22.00 and a fifty-two week high of $46.50.
Instructure (NYSE:INST) last released its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. The firm had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. Instructure had a negative net margin of 31.37% and a negative return on equity of 827.22%. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.35) EPS. analysts forecast that Instructure Inc will post -1.77 earnings per share for the current fiscal year.
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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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