Instructure Inc (NYSE:INST) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Instructure Inc (NYSE:INST) by 3.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,694,060 shares of the technology company’s stock after buying an additional 50,458 shares during the period. Vanguard Group Inc.’s holdings in Instructure were worth $71,998,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Ashburton Jersey Ltd purchased a new position in Instructure during the 2nd quarter worth $27,000. Aperio Group LLC purchased a new position in Instructure during the 2nd quarter worth $58,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Instructure during the 2nd quarter worth $112,000. Bank of Montreal Can purchased a new position in Instructure during the 2nd quarter worth $119,000. Finally, Menta Capital LLC purchased a new position in Instructure during the 2nd quarter worth $349,000. Institutional investors own 90.80% of the company’s stock.

Shares of INST opened at $41.48 on Friday. The company has a 50-day simple moving average of $39.87 and a 200-day simple moving average of $42.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28. Instructure Inc has a 52-week low of $30.06 and a 52-week high of $50.19.

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

INST has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating on shares of Instructure in a research report on Monday, September 16th. Zacks Investment Research downgraded shares of Instructure from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and set a $46.00 price objective on shares of Instructure in a research report on Tuesday, July 30th. Raymond James downgraded shares of Instructure from an “outperform” rating to a “market perform” rating and set a $45.20 price objective for the company. in a research report on Friday, July 12th. Finally, William Blair restated a “market perform” rating on shares of Instructure in a research report on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.61.

In other news, CFO Steven B. Kaminsky sold 20,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $41.50, for a total value of $830,000.00. Following the completion of the transaction, the chief financial officer now owns 181,617 shares in the company, valued at approximately $7,537,105.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua L. Coates sold 10,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $42.93, for a total transaction of $429,300.00. Following the completion of the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $236,115. The disclosure for this sale can be found here. Insiders sold a total of 52,000 shares of company stock valued at $2,148,200 in the last quarter. Insiders own 9.60% of the company’s stock.

About Instructure

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 KÂ-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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