Instructure Inc (INST) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of Instructure Inc (NYSE:INST) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,273,662 shares of the technology company’s stock after buying an additional 140,714 shares during the period. Janus Henderson Group PLC’s holdings in Instructure were worth $60,015,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in INST. Nine Ten Capital Management LLC boosted its position in shares of Instructure by 3.5% during the 4th quarter. Nine Ten Capital Management LLC now owns 3,219,920 shares of the technology company’s stock valued at $120,779,000 after purchasing an additional 108,433 shares in the last quarter. BlackRock Inc. boosted its position in shares of Instructure by 5.8% during the 4th quarter. BlackRock Inc. now owns 2,198,719 shares of the technology company’s stock valued at $82,474,000 after purchasing an additional 120,573 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Instructure by 33.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,575,938 shares of the technology company’s stock valued at $59,113,000 after purchasing an additional 391,050 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Instructure by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,474,891 shares of the technology company’s stock valued at $52,211,000 after purchasing an additional 37,572 shares in the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Instructure by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,474,891 shares of the technology company’s stock valued at $52,211,000 after purchasing an additional 37,572 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INST opened at $42.34 on Friday. Instructure Inc has a one year low of $29.48 and a one year high of $50.19. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -34.42 and a beta of 0.47. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.30.

Instructure (NYSE:INST) last announced its earnings results on Monday, April 29th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.04). Instructure had a negative return on equity of 37.56% and a negative net margin of 21.74%. The firm had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, analysts anticipate that Instructure Inc will post -2.27 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on INST shares. Raymond James lowered shares of Instructure from a “strong-buy” rating to an “outperform” rating in a research report on Monday, January 14th. ValuEngine lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Morgan Stanley lowered shares of Instructure from an “overweight” rating to an “equal weight” rating and set a $39.50 price objective for the company. in a research report on Wednesday, February 20th. They noted that the move was a valuation call. TheStreet lowered shares of Instructure from a “c” rating to a “d-” rating in a research report on Tuesday, April 30th. Finally, Berenberg Bank started coverage on shares of Instructure in a research report on Wednesday, March 6th. They set a “hold” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.88.

In other news, CFO Steven B. Kaminsky sold 8,253 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $47.54, for a total value of $392,347.62. Following the completion of the sale, the chief financial officer now directly owns 161,299 shares of the company’s stock, valued at $7,668,154.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Tucker Goldsmith purchased 2,500 shares of Instructure stock in a transaction dated Tuesday, May 7th. The stock was bought at an average cost of $41.85 per share, with a total value of $104,625.00. Following the completion of the transaction, the chief executive officer now directly owns 7,379 shares of the company’s stock, valued at $308,811.15. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 48,735 shares of company stock valued at $2,257,137. Corporate insiders own 9.60% of the company’s stock.

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Instructure Company 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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