Spark Investment Management LLC Buys 32,600 Shares of Instructure Inc (INST)

Spark Investment Management LLC raised its stake in shares of Instructure Inc (NYSE:INST) by 37.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 119,700 shares of the technology company’s stock after purchasing an additional 32,600 shares during the period. Spark Investment Management LLC’s holdings in Instructure were worth $5,640,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in INST. Vanguard Group Inc. grew its stake 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 worth $52,211,000 after acquiring an additional 37,572 shares in the last quarter. Vanguard Group Inc grew its stake 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 worth $52,211,000 after acquiring an additional 37,572 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Instructure by 34.1% during the 4th quarter. Boston Advisors LLC now owns 9,998 shares of the technology company’s stock worth $375,000 after acquiring an additional 2,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Instructure by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock worth $85,000 after acquiring an additional 481 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Instructure during the 4th quarter worth approximately $31,000. 84.37% of the stock is owned by institutional investors and hedge funds.

In other Instructure news, CFO Steven B. Kaminsky sold 1,400 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $47.65, for a total transaction of $66,710.00. Following the completion of the sale, the chief financial officer now owns 161,299 shares of the company’s stock, valued at approximately $7,685,897.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Kaminer sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $48.00, for a total value of $240,000.00. Following the sale, the insider now directly owns 32,020 shares of the company’s stock, valued at approximately $1,536,960. The disclosure for this sale can be found here. Insiders sold 48,735 shares of company stock valued at $2,257,137 over the last three months. 9.60% of the stock is owned by company insiders.

INST has been the subject of several research reports. ValuEngine raised shares of Instructure from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. First Analysis cut shares of Instructure from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $50.00 to $49.00 in a research note on Wednesday, February 20th. Morgan Stanley cut shares of Instructure from an “overweight” rating to an “equal weight” rating and set a $39.50 price target for the company. in a research note on Wednesday, February 20th. They noted that the move was a valuation call. TheStreet raised shares of Instructure from a “d” rating to a “c” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research raised shares of Instructure from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.88.

NYSE:INST opened at $43.81 on Friday. Instructure Inc has a 1-year low of $29.48 and a 1-year high of $50.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39.

Instructure (NYSE:INST) last released its earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.04). Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. The firm had revenue of $58.10 million during the quarter, compared to the consensus estimate of $57.24 million. During the same period in the prior year, the business posted ($0.21) earnings per share. Instructure’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Instructure Inc will post -2.26 EPS for the current fiscal year.

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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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