Eventide Asset Management LLC Has $15,678,000 Stake in Instructure, Inc. (INST)

Eventide Asset Management LLC continued to hold its position in shares of Instructure, Inc. (NYSE:INST) during the first quarter, Holdings Channel reports. The institutional investor owned 670,000 shares of the technology company’s stock at the end of the first quarter. Eventide Asset Management LLC owned 2.32% of Instructure worth $15,678,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. State Street Corp raised its position in shares of Instructure by 6.8% in the fourth quarter. State Street Corp now owns 161,937 shares of the technology company’s stock valued at $3,167,000 after buying an additional 10,348 shares during the last quarter. Keybank National Association OH acquired a new position in shares of Instructure during the fourth quarter valued at about $371,000. Axiom International Investors LLC DE raised its position in shares of Instructure by 42.5% in the fourth quarter. Axiom International Investors LLC DE now owns 77,556 shares of the technology company’s stock valued at $1,516,000 after buying an additional 23,126 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Instructure during the fourth quarter valued at about $424,000. Finally, Janus Capital Management LLC raised its position in shares of Instructure by 45.2% in the fourth quarter. Janus Capital Management LLC now owns 1,071,368 shares of the technology company’s stock valued at $20,945,000 after buying an additional 333,462 shares during the last quarter. Institutional investors own 64.47% of the company’s stock.

Institutional Ownership by Quarter for Instructure (NYSE:INST)

Shares of Instructure, Inc. (INST) traded up 2.16% during midday trading on Friday, reaching $26.00. The company had a trading volume of 238,389 shares. The company has a 50 day moving average of $25.82 and a 200 day moving average of $22.97. The company’s market capitalization is $751.84 million. Instructure, Inc. has a one year low of $17.16 and a one year high of $27.00.

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

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A number of equities research analysts recently weighed in on INST shares. Raymond James Financial, Inc. upgraded Instructure from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $28.00 to $29.00 in a research report on Thursday, March 16th. Zacks Investment Research upgraded Instructure from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, April 11th. Needham & Company LLC boosted their price objective on Instructure from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC boosted their price objective on Instructure from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Instructure in a research report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.67.

In other news, Director William M. Conroy sold 8,000 shares of the firm’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 transaction, the director now directly owns 21,094 shares of the company’s stock, valued at $527,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marc T. Maloy sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $25.21, for a total value of $75,630.00. Following the transaction, the executive vice president now directly owns 12,614 shares in the company, valued at $317,998.94. The disclosure for this sale can be found here. In the last three months, insiders sold 28,781 shares of company stock worth $712,865. 62.50% of the stock is owned by insiders.

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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