Instructure Inc (INST) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its position in shares of Instructure Inc (NYSE:INST) by 69.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,858 shares of the technology company’s stock after purchasing an additional 6,520 shares during the quarter. Citigroup Inc.’s holdings in Instructure were worth $595,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Instructure by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 123,394 shares of the technology company’s stock worth $5,250,000 after buying an additional 3,235 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Instructure by 12.4% during the third quarter. Wells Fargo & Company MN now owns 541,007 shares of the technology company’s stock worth $19,151,000 after buying an additional 59,582 shares during the last quarter. SG Americas Securities LLC acquired a new position in Instructure during the third quarter worth $1,544,000. Janus Henderson Group PLC boosted its stake in Instructure by 17.8% during the third quarter. Janus Henderson Group PLC now owns 1,135,640 shares of the technology company’s stock worth $40,202,000 after buying an additional 171,293 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Instructure by 1.4% during the third quarter. BlackRock Inc. now owns 2,078,146 shares of the technology company’s stock worth $73,567,000 after buying an additional 29,612 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Shares of INST stock traded down $0.83 on Monday, hitting $46.54. The stock had a trading volume of 255,600 shares, compared to its average volume of 371,268. The company has a market capitalization of $1.72 billion, a PE ratio of -37.84 and a beta of 0.57. Instructure Inc has a 1 year low of $29.48 and a 1 year high of $49.17.

Instructure (NYSE:INST) last posted its quarterly earnings data on Tuesday, February 19th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.14. The firm had revenue of $56.25 million for the quarter, compared to the consensus estimate of $55.79 million. Instructure had a negative return on equity of 33.63% and a negative net margin of 20.74%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.27) EPS. Sell-side analysts expect that Instructure Inc will post -1.99 EPS for the current fiscal year.

In related news, EVP Matthew Kaminer sold 15,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $45.79, for a total value of $686,850.00. Following the sale, the executive vice president now owns 42,020 shares in the company, valued at approximately $1,924,095.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joshua L. Coates sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $46.92, for a total value of $234,600.00. Following the sale, the director now owns 5,500 shares in the company, valued at approximately $258,060. The disclosure for this sale can be found here. Insiders sold a total of 34,447 shares of company stock worth $1,598,299 in the last quarter. Company insiders own 10.40% of the company’s stock.

Several brokerages have recently commented on INST. ValuEngine raised Instructure from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a research note on Thursday. Barrington Research reaffirmed a “buy” rating and issued a $50.00 price target on shares of Instructure in a research note on Wednesday, January 9th. Raymond James lowered Instructure from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 14th. Finally, First Analysis lowered Instructure from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $50.00 to $49.00 in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.88.

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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 K–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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