Janus Henderson Group PLC Acquires 4,282 Shares of Instructure, Inc. (INST)

Janus Henderson Group PLC raised its holdings in Instructure, Inc. (NYSE:INST) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,182,196 shares of the technology company’s stock after buying an additional 4,282 shares during the period. Janus Henderson Group PLC owned approximately 3.97% of Instructure worth $39,190,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc boosted its position in Instructure by 54.6% in the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after buying an additional 1,440 shares during the period. Tower Research Capital LLC TRC purchased a new position in Instructure in the 2nd quarter valued at approximately $184,000. Metropolitan Life Insurance Co. NY purchased a new position in Instructure in the 1st quarter valued at approximately $192,000. Oppenheimer Asset Management Inc. purchased a new position in Instructure in the 3rd quarter valued at approximately $213,000. Finally, Quantbot Technologies LP purchased a new position in Instructure in the 2nd quarter valued at approximately $247,000. 78.99% of the stock is owned by institutional investors.

Shares of Instructure, Inc. (NYSE INST) opened at $34.10 on Wednesday. Instructure, Inc. has a 1 year low of $18.85 and a 1 year high of $36.60.

Instructure (NYSE:INST) last posted its quarterly earnings data on Monday, October 30th. The technology company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. The company had revenue of $42.95 million for the quarter, compared to analyst estimates of $40.57 million. Instructure had a negative net margin of 34.82% and a negative return on equity of 827.22%. Instructure’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.34) earnings per share. research analysts expect that Instructure, Inc. will post -1.75 earnings per share for the current fiscal year.

In other news, SVP Matthew Kaminer sold 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $34.61, for a total transaction of $103,830.00. Following the transaction, the senior vice president now directly owns 16,146 shares in the company, valued at $558,813.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven B. Kaminsky sold 12,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $35.00, for a total transaction of $437,500.00. Following the transaction, the chief financial officer now owns 143,345 shares in the company, valued at $5,017,075. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,867 shares of company stock worth $2,336,055. 12.80% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on INST shares. Zacks Investment Research raised shares of Instructure from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, December 1st. BidaskClub cut shares of Instructure from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Instructure in a research report on Sunday, October 1st. Macquarie started coverage on shares of Instructure in a research report on Thursday, December 7th. They set an “outperform” rating and a $41.00 price objective for the company. Finally, Oppenheimer reaffirmed a “buy” rating and set a $41.00 price objective on shares of Instructure in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Instructure presently has an average rating of “Buy” and an average price target of $38.00.

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Instructure 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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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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