TimesSquare Capital Management LLC Sells 256,862 Shares of Instructure Inc (NYSE:INST)

TimesSquare Capital Management LLC lowered its holdings in shares of Instructure Inc (NYSE:INST) by 18.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,150,073 shares of the technology company’s stock after selling 256,862 shares during the quarter. TimesSquare Capital Management LLC owned about 3.06% of Instructure worth $44,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in INST. BlackRock Inc. raised its holdings in Instructure by 3.2% in the 2nd quarter. BlackRock Inc. now owns 2,300,336 shares of the technology company’s stock worth $97,763,000 after acquiring an additional 70,447 shares during the period. Vanguard Group Inc. grew its position in Instructure by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,694,060 shares of the technology company’s stock worth $71,998,000 after purchasing an additional 50,458 shares during the last quarter. Mackenzie Financial Corp grew its position in Instructure by 0.7% in the 2nd quarter. Mackenzie Financial Corp now owns 1,650,138 shares of the technology company’s stock worth $70,131,000 after purchasing an additional 12,000 shares during the last quarter. Janus Henderson Group PLC grew its position in Instructure by 3.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,318,762 shares of the technology company’s stock worth $56,047,000 after purchasing an additional 45,100 shares during the last quarter. Finally, Tensile Capital Management LLC grew its position in Instructure by 32.1% in the 2nd quarter. Tensile Capital Management LLC now owns 1,007,372 shares of the technology company’s stock worth $42,813,000 after purchasing an additional 245,000 shares during the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.

Shares of Instructure stock traded up $2.51 during trading on Wednesday, hitting $50.44. 1,556,900 shares of the company’s stock traded hands, compared to its average volume of 402,081. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average price is $42.35 and its 200 day moving average price is $41.80. Instructure Inc has a twelve month low of $33.47 and a twelve month high of $51.99. The company has a market cap of $1.78 billion, a PE ratio of -41.01 and a beta of 0.47.

Instructure (NYSE:INST) last issued its earnings results on Monday, October 28th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.08. Instructure had a negative net margin of 26.64% and a negative return on equity of 44.38%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $68.08 million. During the same period in the previous year, the business earned ($0.15) EPS. The firm’s revenue was up 23.5% on a year-over-year basis. As a group, equities research analysts anticipate that Instructure Inc will post -2.1 earnings per share for the current year.

In other news, Director Joshua L. Coates sold 10,000 shares of Instructure stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.67, for a total transaction of $406,700.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at approximately $223,685. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joshua L. Coates sold 1,242 shares of Instructure stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $44.97, for a total transaction of $55,852.74. Following the sale, the director now owns 5,500 shares in the company, valued at $247,335. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,499 shares of company stock worth $5,285,661. 9.60% of the stock is owned by company insiders.

Several analysts have issued reports on the stock. Oppenheimer upgraded shares of Instructure from a “market perform” rating to an “outperform” rating and set a $56.00 price target on the stock in a research report on Monday, August 12th. Zacks Investment Research upgraded shares of Instructure from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Friday, November 1st. William Blair restated a “market perform” rating on shares of Instructure in a research report on Monday, August 12th. ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Instructure presently has an average rating of “Buy” and a consensus target price of $48.63.

Instructure Profile

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.

Featured Story: Cost of Goods Sold (COGS)

Want to see what other hedge funds are holding INST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Instructure Inc (NYSE:INST).

Institutional Ownership by Quarter for Instructure (NYSE:INST)

Receive News & Ratings for Instructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Instructure and related companies with MarketBeat.com's FREE daily email newsletter.